Since first arriving on Goldtent in late April I have been long term bullish on gold and silver. On a few occasions I have cautioned not to be fooled by short term “head fakes”, that I said were good buying opportunities. I had a number of posts urging all in to silver and gold and out of fiat using my favorite vehile of CEF. On May 27th I posted “Back Up The Truck” to go “all in” CEF and MAG. I have never said to sell(not trading in this bull market for metals) but believe we are now extended. While we could have a spike up before a pullback, I wouldn’t chase here but I also wouldn’t sell either. Short term traders who trade around their core position can use any spike to take a little off the table.<\/p>\n","protected":false},"excerpt":{"rendered":"
Since first arriving on Goldtent in late April I have been long term bullish on gold and silver. On a few occasions I have cautioned not to be fooled by short term “head fakes”, that I said were good buying … Continue reading