Long AGQ multi-month trade
The silver sentiment is much better than gold. Gold/silver bull run should start somewhere end of this month and next month. Start adding position on AGQ around 44-48. a weekly close below 55 MA should be stop loss (around 42 currently). profit target depends on the time frame rather than the price target.
Note: The only thing to be aware of is the USD cycle --- whether we are in a new multi-year-long rising or falling USD cycle (check DXY). With infinite QE, I would bias towards a falling USD cycle, as of 2020. But if USD continues to rise then we will different sentiment.
Note: The only thing to be aware of is the USD cycle --- whether we are in a new multi-year-long rising or falling USD cycle (check DXY). With infinite QE, I would bias towards a falling USD cycle, as of 2020. But if USD continues to rise then we will different sentiment.
Note
DXY is showing a new bull cycle, so AGQ might be heavily affected this year. AGQ is more of a HODLING strategy that aims at a 5X pump with a Silver run. Long-term still long silver. The short term might not look nice. Note
Note silver seasonality cycle in the past few years is also April-August, so buy the breakout next month if it goes up will be the safest best against the DXY bull cycle. Otherwise, put money somewhere else where you think can make you more money.
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