re: "Taking what the market gives you?"
I got a couple of PM's asking what I meant by
"taking what the market gives you."
ie: What "exactly" is the market giving us?
I'm getting a java script bug, so I couldn't update
this chart...but, just extend out the trading range
lines.
And pay particular attention to the concept of
"the little green circles" breakout pattern
for the HUI breakouts to new highs.
I'll update "the little green circles" chart later.
Here's our range, and here's what "the market is giving us."
The key concept being... that YOU take it (profits) in BOTH directions.
Mo later,
SOTB
PS: bullbud - re: historic June lows for gold?
Last year we had 2 "back up the truck" opps.
One in August, the other in December.
Fwiw... I have never been a true believer in "seasonal"
trends... because economic, geopolitical, and market
"events" don't give no stinkin' care about what month
is showing on the calendar <vbg>.
PPS: Straddles and strangles been berry berry good for me.
If the market gives you volatility - take it.
Remember, the last trading range took gold 15 long,
volatile, and very painfull months in which to base,
before launching to new highs.
It also gave us a couple of "hundred" HUI index
points in the cash register.
A billionaire who's name everyone on this board
would know... once lectured an audience of which
I was a member on this concept...
(in regards to commodities and cyclicals)
"Buy and hold, always becomes... buy and fold."
While commodities, and cyclicals may move in broad
multi-year cycles...they are still "cyclicals"...
and you never know how many "years" will be in
that particular cycle.
Never confuse cyclicals, or commodities with growth stocks.
Print that one out and remember it... it's a keeper,
especially in regards to keeping an open mind on the
very "dynamic" ongoing inflation/deflation debate.
Goldbugs... let the Yen:Dollar chart guide you here,
it will take you where no cheerleader, or pom pom
waver has ever gone before <vbg>. |
