New Gold and Silver Journal

I put same size on whether buying bottoms or after trend changes and getting deep retracements, usually when deep retracements happen, others are getting in trend trades and I am doing counter trend trades hedged, so I hear all the time the laughs I am going to get creamed, I am starting to enjoy it now. I am more of Jim Rogers fan, he is often early, but that allow me to know there be a move eventually setting up in the distance. I think Buffet makes most of his money in selling options. Stocks moves up "cause" he is in them is my choice, I don't think it matters what he buys so long as others can push it in the direction he wants them to go.

Any time one has very small account, the percentages for risk goes out the window unless you trading mini's in forex.
 
Obviously, still long and in the same position. Will be very interesting if we break through the 1200 area on gold. This is no doubt a ways off but I think it's fairly probable. Miners continue to outperform the metal.
 
Still long and liking the action today. Anytime the miners and silver are leading I think it's a good thing. Any move above 1200 will be a sign for me to start playing more aggressively.
 
Leads.png
Leads?
 
XAU is outperforming....

If you look at a long term chart of XAU/GOLD, imo, it will be important for XAU to outperform in comparison. I think it would mark an overall change in market sentiment. The miners are literally an eye bleeding buy right now. They are a 10 bagger or better.
 
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Starting to look like we should get some short term weakness in gold here. Still long. Will be willing to add to positions when we get up and through 1200. That may take another couple weeks though.
 
I liquidated my entire gold position on Friday fifteen minutes before the close, but Gold has to do down under 930 before I can buy, I am long Silver and still short Copper. I stopped forcasting long ago, I don't have any skills in telling the future otherwise I would have a crystal ball and shop on shady part of time with sign out front "$20 for tomorrows' lotto numbers"
 
Handle123 said:
I liquidated my entire gold position on Friday fifteen minutes before the close, but Gold has to do down under 930 before I can buy, I am long Silver and still short Copper. I stopped forcasting long ago, I don't have any skills in telling the future otherwise I would have a crystal ball and shop on shady part of time with sign out front "$20 for tomorrows' lotto numbers"
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Hahaha. I'm not attempting to forecast either. I just know that gold/ silver/ miners are a decent risk reward here. My $500 HUI number was just a total guess. Usually I'm grabbing a 10 baggerish if I'm right. Takes me lots of swings to be right sometimes, so for all I know, Gold could be trading $930 six months from now.

Interested in why you are long silver though, but don't want to own gold? I'm not sure what the correlation is between the two but I would guess it's high with silver being more volatile.
 
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