Trade Set Up Please refer to the charts at the end of the post to see which resistance points I'm talking about. Current Position: 50% of full position in NUGT.Looking to add more to the position after it sells off at the first resistance, which is also where the first take profit point is. I … Continue reading Week of April 08
Trade Update: Currently still only have 50% of a full position in $NUGT. The price retraced today as predicted, however my limit order was placed too low at $19.2 and the lowest trade was $19.33, by the time I was back at the computer it was bought up above $19.6. I decided that the risk/reward … Continue reading Flat Friday
Gold started the session deep in the red as investors reacted to the jobless claims data that came in at 202K vs 216K forecasted. Gold and Gold Miners sold off prematurely just before bullish investors came back in after digesting the uncertain trade deal information. A Wall Street Journal article states that while it seems … Continue reading April 04 – The Golden Comeback
See below for supporting charts. Yields continue to push higher amid a renewed appetite for risky stocks and a general uplift in the confidence of the economy. The 3 month and 10 year yield differential continue to expand after it un-inverted and is currently sitting at around 2.43 vs 2.51 respectively. This is helping to … Continue reading April 03 – Yield Gone Wild
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