This is going to be just a quick comment cleaner. Equities are nicely in the red for a change, with the ES down 9 as I’m typing this. Apparently Trump’s comments that the dollar is too high has sent a bit of chaos into the world, and one dark spot for me is a very […]
Now I wonder If I will ever be The lighthouse in a sea of shadows That you were when you shined for me When I was going under You knew when and where to be Now I’m as good as Ebenezer after his conversion I’d give all my goods away with no coercion I’d give […]
I’m satisfied with gold’s proximity to its gap that I have re-entered my DUST position and a short GLD position. I’ve got tight stops on these, though, and if GLD gets past $115, I’m out. The front month for gold is below, with its gap circled.
by Avi Gilburt, ElliottWaveTrader.net First published Sat Jan 7 for members of ElliottWaveTrader.net: This past week saw a very nice move higher in the GDX and gold, but silver has seriously lagged, which does dampen any outright bullishness at this time. But, let’s review where we stand overall. Several weeks ago, as the GDX broke down below […]
I’ve been accumulating DUST every day for the past four days. It’s showing a small profit at this point, and if miners break down the way I hope, this could be a great position. The gold bugs index, shown below, is slipping beneath the lower portion of its topping pattern. Nothing definitive yet, but we’re […]
I’m very pleased with the breakdown in crude oil and in Mexico (EWW), both of which I’ve written about quite a lot lately. One trade that hasn’t blossomed yet is my DUST (triple-short on precious metals miners) long, but I’m keeping the faith. Looking at the big picture of, say, NUGT, this seems quite bearish. […]
We had a very big storm blow through the San Francisco Bay Area over the weekend. What would I do during what was called the biggest storm of the decade? Head to the beach with my youngest child, of course! It was a very happy time. Upon reflection, it occurred to me what made it […]
Many of you know that yesterday morning I had two small positions in GDX and GDXJ on the short side. They got instantly stopped out due to an explosive gold rally. However, in the middle of the day, when gold was up nearly $19/ounce, I did a Slope Plus post called How to Handle Miners […]