Out of all those people and no one knew the value!! Unbelievable!!
Why couldn’t I have been there? I’m always in the wrong place.
Which way? A Gold Timing exercise
- Thread starter themickey
- Start date
Why couldn’t I have been there? I’m always in the wrong place.
Damm, they gonna put you on the board of directors man?
I'm still finding day trading or holding a day or two is working better then simply holding them longer term. I jumped back in yesterday afternoon, every trade was profitable but I close most of them when daily momentum dies out. This also allowed me to avoid the damage when Endeavour Silver did a financing deal making the stock useless short term.
I'm not confident in trusting gold to behave, so although holding pennys long term, I'm jumping in and out on the majors atm.
My intention is to only get back in once gold above ath's.
I was hoping last week when close to 2070 it would continue to run on up, but alas it did what it always does and that is fade.
My conviction, once it breaks through ath's it should take on more positive energy.
I've avoided the majors entirely since very early 2021. I like the mid caps that move well when Gold/Silver moves. Some of them are up nicely in recent months.
We really only have one major, Newcrest, maybe Northern Star, maybe Evolution, but what I was calling major was the mid level asx gold stocks which are showing consistently high turnover.
There's a good couple of hundred listed gold stocks on asx but I've determined only 14 which are investment grade and in my mind were the majors.
Mixed signals on gold/silver but the bias is downward short term.
The worst performing sector had been gold/silver but that's improving.
Other worst performing is Technology but that may have bottomed and now going into recovery.
Also Crypto was very poor performing but Crypto looks like it is ready to run from here.
All up, the market may be recovering.
There's lots to choose from for the weeks ahead, I think it's too optimistic to bank on gold/silver at this stage, it has a nasty reputation of disappointing so I wouldn't be chucking money in that direction just yet.
Technology, internet services, fintech, semiconductors, have been hammered and are good bets.
Metals still have upside, Lithium, Nickel, iron ore, aluminium, uranium, rare earths, base metals.
Copper had been lethargic but picking up speed again now.
Oil & gas still may have upside, not a good idea to short imo.
Crypto probably a buy here at the bottom.
Emerging markets also a buy as they've been suffering but look to be turning.
The worst performing sector had been gold/silver but that's improving.
Other worst performing is Technology but that may have bottomed and now going into recovery.
Also Crypto was very poor performing but Crypto looks like it is ready to run from here.
All up, the market may be recovering.
There's lots to choose from for the weeks ahead, I think it's too optimistic to bank on gold/silver at this stage, it has a nasty reputation of disappointing so I wouldn't be chucking money in that direction just yet.
Technology, internet services, fintech, semiconductors, have been hammered and are good bets.
Metals still have upside, Lithium, Nickel, iron ore, aluminium, uranium, rare earths, base metals.
Copper had been lethargic but picking up speed again now.
Oil & gas still may have upside, not a good idea to short imo.
Crypto probably a buy here at the bottom.
Emerging markets also a buy as they've been suffering but look to be turning.
Goldie is a Mean b - youtube.com/watch?v=Jipq5q-FBH0
https://finviz.com/groups.ashx?g=sector&v=142&o=-perf1w
https://stockcharts.com/freecharts/sectorsummary.html?O=2
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We really only have one major, Newcrest, maybe Northern Star, maybe Evolution, but what I was calling major was the mid level asx gold stocks which are showing consistently high turnover.
There's a good couple of hundred listed gold stocks on asx but I've determined only 14 which are investment grade and in my mind were the majors.
I made some money Wed and Thu on miners but maintained two of them into Friday and they both dropped some. Still holding. I'd say that continues the pattern of almost always making money when I buy as a day trade and more often then not losing money on overnight holds. However, Monday's are often the best day to own Gold stocks.