Gold

11 de jun. de 2020

Gold possible coming up leg

1 de jul. de 2020

Ordem cancelada

I trade gold stocks, but follow cash gold daily. Saying so, that was an idea that "soon" didn't follow the "path", even though the target (later) was close...but no cigar.
I´m bearish on the short term on gold...meaning weeks (6 weeks or so) for consolidation. I do not have any target right now. I only invest in gold stocks and derivatives (JUST, JNUG).
I´m also very bullish on gold for the future (years) ahead. But things doesn't rise straight to heaven and they need a rest. Gold has made a tremendous effort. It went directly to hell in a few days back in March, and surge with a lot of energy, telling everybody....I´m back. So did gold stocks.
The Fiesta is going to last long, and this is the First Bull, a very "toro bravo" than enter in "Las Ventas" back in October 2018.
I believe the Fiesta needs a rest, and then in a few months it will resume with another Torito Bravo. Lest see. That's my point.
All those who are saying that gold is going back to 1.000 $ and so,...have no clue. Period. Sorry for being so arrogant, but that's is who I feel, and it´s not only a felling, there are serious market signals that are telling that a bull for years is going on. I could be right, i could be wrong. The future will tell.