Loading ...Bull Markets
Bull markets are characterized by weak openings and strong closes. Otherwise it would not be a bull market. Duh. There are always a hundred reasons to sell. Take the $BPGDM which is at 96.43 only three points away from %100 which marked the gold bull market top in Aug 2016. Thats a reason to sell. Sentiment is very high like on May 18 2020, thats a reason to sell. I could go on and on. Did I sell the open? Yes. Am i buying it back for some price improvement? Yes. All across the internet I read all these top callers, not you NS, that are probably underinvested and hoping to get in. They missed the launch and they are desperate for a sell off. Good luck with that.
Overbought on the Bollinger bands an high sentiment – time for some correction – I like your posts NOMAN
Let’s take a look at White Gold. WHGOF. Some poor fool put in a market order and got filled at $2.00 by a greedy market maker. What a shitty industry. One of the reasons I don’t trade small issues. Hard to get in and very very hard to get out.
After cash gold is down $20 so far today and the miners are saying we don’t care. I would not be surprised if we close above the Bollinger bands again today.