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ETFs..often if not always better than own mix of winners/loosers
ETFs..often if not always better than own mix of winners/loosersSelecting the gold producers that will more likely to go higher in this gold rally is more art than science (luck?). I initially thought that the low cost high margin producers would be the ones to buy. Heard recently, Rick Rule mentioned that the gold miners that would profit more from this gold rally would be the low margin miners. This is likely because the low margin producers will see larger percentage increases in their margins when compared to the high margin producers.
The easiest method to make sure we're holding some of the faster rallying stocks is to buy lots of different gold miners.
the low margin producers will see larger percentage increases in their margins when compared to the high margin producers.
GLD has closed at 215.14 on Friday and as you can see on the chart, it's a long way down to the 50sma which is down around 195. It's climbed so fast that it's now flying in very thin air, the amazing thing for me is that I can't see any sign of it stopping yet. I know that a pullback is coming but this may be a situation where I rely on my trailing stop.
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The evidence, much of which has been presented by members of this forum, suggests that gold should go much higher but I like to ride the individual waves. Maybe it's in my nature as I am a surfer.Depends on short term or longer term trading / investing plans. We dived into PMs months and years ago knowing this would happen. Anyone following our longer term outlook on gold needs to make a decision. To sell at a significant profit or take risk.
Now as markets start to appreciate what's on the cards, what happens to POG? Probably no significant pullbacks. There could be some really big days +$500/day moves. The big one will be the revaluation, which will happen at the w/e on a Sunday night, where there is no chance to get into gold until it's too late.
jog on
duc
Yeah this is a sea change. Forget the daily chart and watch the monthly long term.This may be unwise. A 5 year chart should be the minimum time frame in which to assess exit points
Perhaps also rely upon one's own knowledge and experience ...
This is one of the times for the praxis of a few axioms that I have painstakingly fashioned from gruelling experience. Sorry to quote myself:
1. “Money is made by sitting, not trading.”
2. “It was never my thinking that made the big money for me, it always was sitting.”
So this is a definite BTD in stocks.
Bolder.Thunderbirds are go!
Probably no significant pullbacks. There could be some really big days +$500/day moves.
Hello finickyThis is one of the times for the praxis of a few axioms that I have painstakingly fashioned from gruelling experience. Sorry to quote myself:
1. “Money is made by sitting, not trading.”
2. “It was never my thinking that made the big money for me, it always was sitting.”
3. “Nobody can catch can catch all the fluctuations
4. "Buy right, sit tight"
US$2376 ... and not all over red rover just yet, reckon.
As the Italians say 'forgetaboutit'.Bloody hell, where's the consolidation?
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