Long

NEM and AG: Buying a 3.5% and 2.7% position respectively here

By IvanLabrie

Updated

Just documenting this entry.

AG was Tim West's suggestion, NEM, is a good gold proxy here.

Good luck,

Ivan Labrie.

Note

Moving well.

Note

I doubled my positions shortly after the open, but only mentioned it in the KHL chatroom.

Note

Looks good, crossing fingers for the Italy news...

Note

For AG traders (this was posted in the KHL chatroom in response to a query for someone who missed the trade, but it is valid to add to it as well):

" s3.amazonaws.com/tradingview/snapshots/9/96LVXhkk.png
the tight stop option might be too aggressive
I'd favor the stop at $7, risking 0.5% for the first entry you take
and then gradually adding
and reducing stops
in this enviroment."

Note

" is the same
s3.amazonaws.com/tradingview/snapshots/w/wsjhVUmg.png "

Trade closed manually

I wanted to see the outcome of the weekend news, but the result was appaling for risk off bets, so I'm out of all risk off positions.

Note

Interestingly enough, these are turning up again, despite risk off factors being mitigated. EURUSD is rallying, so we might see a continuation of the upside, perhaps we can reenter soon.

Trade active

I actually reentered a day ago.

Good results so far. Test of resistance, but we didn't break above it yet. I think it can go a bit higher while XAGUSD rallies.

IvanLabrie

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