After decades of observation, failure and success, I now have the confidence to comment on markets in a way which may be useful for some. First off, the focus will be upon a simple, yet all-important aspect of trading: when to sell.
JNUG, a high beta Gold ETF, will be the primary trading vehicle used. Charts, comments, and methodology, kept as simple as possible (KISS), may be interpolated for other purposes, e.g. shorting via JDST.
Of course, there are no guarantees or particular claims made. I have been wrong in the past, and will be again (always use stops). My main intent is to pass along some knowledge and to have a good time while doing so.
Is the Bottom really in?
We have been fooled before, and may be again. However, the best evidence indicates that the initial recovery lows of a year ago will certainly hold, and that the bottom for the Gold Bull’s first phase up is now in place. No guarantees though. Again, always use stops!
Happy trades to you,