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Marketdynamics

looking at gold silver miners3.19.20 I am talking about the mining stocks. Pierre Lassonde is the name I could not remember...interviewed on King World News. Useful...just as Kitco is useful, but treat like you would treat your dog who bites...even you. I wish I could recommend a gold/silver advisory service that has a good reputation...but I don't have one that I have followed. I DO think the good services are effective in exposing information that includes Geo-political issues for various mining companies. Two stocks I got from the Lassonde inverview. Two other stocks are from something I read or listened to...and I probably added to my watch list...I kept on the watch list. BUT YOU NEED TO DO YOUR HOMEWORK. If gold and silver break higher, the mining sector will move much higher....many times higher that the physical gold and silver.....BUT THEY ARE VERY RISKY and you don't load the boat with any one stock...you want 4 or 5 stocks or more do diversify the risk. I am very comfortable with the markets I talk about most. I am not comfortable with mining stocks. IF ANYONE IS COMFORTABLE WITH METALS ADVISORY SERVICES THAT ARE HIGHLY RATED, PLEASE SEND ME ME A PRIVATE NOTE OR POST HERE...I WOULD APPRECIATE THIS AND WILL TAKE A LOOK. IF I LIKE A SERVICE i WILL SUBSCRIBE. I have had many advisory services over the years...never like them...and haven't had any for over 10 years>>>>but the unique Geo-political issues are important for the mining companies....and good advisory services will include this information.
NYSE:AGEducation
by ScottBogatin
2
market dynamicsI'd like to talk about market dynamics with the gold market today. This was a very difficult video to produce because I just didn't have enough time to talk sufficiently and without making some mistakes. One point that I did not articulate well is that if you become a seller and the market works against you, then you become a buyer so you are not only feeding the market price action as a seller, but you will feed the market again when you buy the closure short position and this is important because when markets expand the way that I described here buyers and sellers are feeding the market in both directions, and when they trade to their exit when they are losing is feeding the market in the opposite direction that they intended. So when you see big swings in the market going higher it's not just because buyers are stepping in to open, but there are sellers who are buying to close. One other point: FX entered his trade on a 135 pattern to go long, but when the market broke to a new high and then corrected to the 618 level, it created another 135 pattern to go long. what I said about taking a long trade at that point was based on the volatility of the swings and that if you could locate the entry at the 618 level, there could be an argument to take a long trade there up to the breakout when it went lower and this would represent seven or $800 without too much difficulty. What that means is that your initial draw down of $1800 on your first position comes to the 618, if you can add a contract by scaling into the market, and if you thought the market could trade seven or $800 higher you could actually exit 1 contract, or maybe both contracts to reduce that draw down from the high to couple hundred dollars of today's high. I am not recommending to anyone to scale in and out of the market or to scale into the market to add to a losing position, but very good traders can do this because they understand market dynamics, and the markets will show you these patterns happening if you're aware of them and this is another way of being aware of how the market trades alternatively in the favor of buyers and sellers if you were always considering both sides of the market. ( sorry for any typos )
FX:XAUUSDEducation
by ScottBogatin
4