Loading ...RIGHT ON CUE : WRONG WAY FULLY JUICES THE PM MINERS
Just yesterday I lamented that ALL Stocks trade in Sync…all the time…it’s an algorithm…Gold Stocks Suck
Nautilus Speculated that this is a signal to go long PM Miners because as we know…Fully is the Gooldtent equivalent of CNBC Cramer
sheesh
DECOUPLING …FINALLY
PM STOCKS UP 4% GENERAL MARKET STOCKS DOWN 4%
GDXJ…………………………………..SPY ( S&P MINI )
RATIO CHART GOLD STOCKS TO S&P
DAILY
WEEKLY
In order to break the cycle, you have to just hold come hell or highwater.
Otherwise, PM miners WILL 100% play on your emotions. How many serious rallies have we seen in the miners over the last 20 years that weren’t immediately preceded by absolutely huge drops? How many among us are able to time those drops perfectly?
All that being said, you could just do the exact opposite of what your gut is telling you, as a path to speculative success. (I believe there is a Seinfeld episode related to this topic.)
In any event, please let us know what the Fully indicator is thinking before you make actual trades. I say that only half jesting.
Seinfeld opposite episode
https://www.youtube.com/watch?v=CizwH_T7pjg
NO WAY…I HAVE TO ALERT THE CRETINS FIRST..THEY WATCH ME LIKE A HAWK