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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Gib Bogle who wrote (282701)8/14/2020 6:59:10 PM
From: Rollocaster1 Recommendation

Recommended By
Pianoman1997

  Respond to of 312311
 
If that is the way, you choose to look at it.... fine with me. But i think you're missing the point. Words in sentences, like numbers in charts, actually mean something ! Chu out !



To: Gib Bogle who wrote (282701)8/14/2020 8:44:21 PM
From: stuffbug3 Recommendations

Recommended By
isopatch
kidl
Rollocaster

  Respond to of 312311
 
Probably mentioned by someone on this board during the past six months - PM stocks often (not always) lead the price of the metals.

In early August, GDX, SIL, gold and silver all peaked within the span of a few days.
Short corrections / pauses typically last for approx 8 to 13 sessions.
Exploration stocks have much less correlation to the gold price than do producers.
PM stocks react to both PM prices and overall market conditions.

Considering all these factors, participants need to decide whether they are traders or investors.
Investors with multi-month time horizons are certain to earn poor returns if they are constantly buying at the tail end of intermediate up trends.
On the other hand, very short term traders will do well by going with the current prevailing trend and exiting at the first sign of the trend bending.