Wade, I've been at this for a while and understand fully what's going on. I'm just making observations and posting them. I try to keep my market work simple. The PMs better get moving out of the gate early next week and not violate last week's lows. I think gold and the miners have a lot more work to do before they break the zero line on the monthly and get some real momo going. I do think the action is constructive in a positive way...so far. Yes, something could come out of the blue to step up the progression, but at this time, "it" has not revealed itself. It will be interesting to see if the $CDNX breaks up first. It looks better than $HUI/XAU/GDXJ.
In the meantime, there are more mature opportunities to take advantage at this time. I add to my core PM holdings now and then, but am only trading DUST/NUGT until I see things are ripe for some serious allocation. I try to time stamp my trades to show some transparency. One can make a lot of coin in a very short amount of time just trading these two funds. Heck, why even hold anything longer than 3 days when you can flip back and forth for 10 points a pop. 1000 shares, 10K large. Wash, rinse, repeat....gaps as a guide.
I try not to over analyze the markets and I basically ignore the manufactured "news" and other misc BS. In the end nobody on these boards has a clue about what is really going on behind the curtain. If they did, they wouldn't be posting, IMO of course. For me, I read and post on the boards because it's something to do while I monitor the price action. I do this for a living. I'm very careful, and take it seriously. If the general markets tank, nothing will be immune except inverse funds. Until I can see more than I can now, it's trading mode. Bring on next week. |
