Rambus, Plunger and Jordan….All in!
Hope this means something positive!
Plunger made some definitive comments at the Rambus forum: (Hope he doesn’t mind) about “a macro set-up ever been this favorable for gold.”
Hope this means something positive!
Plunger made some definitive comments at the Rambus forum: (Hope he doesn’t mind) about “a macro set-up ever been this favorable for gold.”
Big picture is hugely bullish to my mind. Short term, big question for me is whether or not we test support in the $1400 area. I’d prefer it if we did.
Yep. What is good omen, we are using different TA techniques.. across a variety of precious metals instruments… with the majority of longterm signals pointing in same direction.
Plunger is not “all in” currently … he has a portion in cash. He is keeping some on the sidelines for the potential gap fill from last June. He still owns most everything he bought last December. If the trend changes sharply I suspect he would put in his remaining cash.
Over the last 20-years or so, the strongest time of the season for miners is from mid-Nov through mid-Feb. The low for most miner indexes since the high in Sep was mid-Nov. Not saying it plays out, but something to think about. Also, a pattern close to this has held well each year from 2013-2018.
Sorry, I should have said “They are all in.”
I didn’t mean to imply they had all spent all they’re money.
fwiw … still favoring shorts here and for upcoming weeks ….
Party pooper pedro
🙂
Heh .. you’ll have noticed, even if no one else does, that I’ve been consistent. No flip flopping. My last trend reversal signal for GDX was in mid Sept (and I noted it here). I haven’t gotten another one since then telling me to reverse my bias. Until I do, that last signal stands.