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I took my first long gold position this morning on the minor sell-off…
I will continue to closely monitor developments and their implications for the trade outlook and I will use my tools and act as appropriate to support the trade..
Wait… why does that sound familiar?
I’ll keep more bullets for March close… I just felt I needed a position “in case” this moon shot.. #fomo
I have been selling most of my silver names this week. looking to buy big cap gold names by end of March /April.
I changed my mind… I closed.. will wait for March close… ahhh the torture!!!
Why march close? Better targeting a GDX level to buy in than a specific time point.
What I mean is I’ll wait for quarterly march close to make sure breakout levels are confirmed (or not confirmed). If no confirmation.. then no play.. avoid whipsaws.
I prefer to buy GDX at 24 if we get another sell off than to wait for a break out at Gdx 30. But I understand the risks involved in buying too soon.
I’m back in again … 3 flip flops today. I need an emotional rest… I’n not consistent with my analysis… so awkward!