Let yourself go
Updated
A major bottom in place. Both miners and gold.
But this time, miners will outperform gold, and eventually go to new all time hight. SOmething that gold already did, but miners hasen´t.
So. Don't think too much. Time to invest. Trade little. There could be two or three times too exit for a while, and continue the ride.
Sometime during next spring my target for GDXJ is above 70s, to next resistance level. I suppose once there they will fall, and consolidate for some months.
Gold noot necesarry wil make new hight. Not necesary. I don't think it will happen at this time. Later it will.
Billy Bragg
A New England (I dont want to change the world)
youtube.com/watch?v=3SLL5uGBtHE
But this time, miners will outperform gold, and eventually go to new all time hight. SOmething that gold already did, but miners hasen´t.
So. Don't think too much. Time to invest. Trade little. There could be two or three times too exit for a while, and continue the ride.
Sometime during next spring my target for GDXJ is above 70s, to next resistance level. I suppose once there they will fall, and consolidate for some months.
Gold noot necesarry wil make new hight. Not necesary. I don't think it will happen at this time. Later it will.
Billy Bragg
A New England (I dont want to change the world)
youtube.com/watch?v=3SLL5uGBtHE
Trade active
This move could be explosive. As explosive as above 40$ begininig November this yearTrade active
Move is up, but not as explosive as I would like. That means, it could top in this second half of December around 42$. That would be a good time to exit long positions (and short if you feel secure). Main trend is UP, but a corrective move down very probable. That is my bet.So caution and protect profits once price is around there.
Trade active
I expect a top around 41 $ next week. Already closed almost all longs and will short almost sure next week. The path is not explosive and could see a correction (like I also expect in many other stocks and markets) for some weeks. Still has to be seen how it will correct: soft or hard. That doesn´t change my view that a long term bullish market has already started. But this move is not the explosive we all want to ride. So, caution is important from next monday on.
I will close this idea next week.
Trade closed manually
Closed all my longs and shorted today.More correction before the impulsive move we all want to wee.
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