Longer term Gold Outlook
Updated
Majority of traders are now short gold.
Its important not to lose sight of the bigger picture. Inflation and deflation comes in waves and takes time to play out.
My cycle work show that the downside is limited, we might get a small drop, but its not worth the risk.
The range from now until march is tight.
The monthly gold chart do not show any greed yet, therfor we belive this is a normal healthy pullback.
We closed our Dust short trade with 12% proffit.
We have now made money in bitcoin with coinbase (12 to 50% depending on when you exited) and now 12% on the gold short trade (12% on dust).
We stil have oil trade going until june, since cycles are up until then (Trugh Tettys petreloum stock). We decided not to trade natural gas.
Since our approch is to position and get ready for markets turn, we often have to go aginst the majority, but the majority is often wrong.
Now we must plan for the gold long trade until june.
This do not mean you will trade right away, this early its an idea, and the idea need evidence before we enter.
Remmember we dont not gamble away our money, protecting capital is rule number one. Thats why i started posting
to save traders from throwing away capital on gambling liek trades. You have better odds in the casino.
Stay patient, enjoy life, work on your hobbies, do not watch to much news or others oppinion and do not stay glued
infront of the screen, the trades dont come faster because you watch the screen 30x times a day. Just need to watch the close,
when cycle gives signal we cn watch price more often.
Its important not to lose sight of the bigger picture. Inflation and deflation comes in waves and takes time to play out.
My cycle work show that the downside is limited, we might get a small drop, but its not worth the risk.
The range from now until march is tight.
The monthly gold chart do not show any greed yet, therfor we belive this is a normal healthy pullback.
We closed our Dust short trade with 12% proffit.
We have now made money in bitcoin with coinbase (12 to 50% depending on when you exited) and now 12% on the gold short trade (12% on dust).
We stil have oil trade going until june, since cycles are up until then (Trugh Tettys petreloum stock). We decided not to trade natural gas.
Since our approch is to position and get ready for markets turn, we often have to go aginst the majority, but the majority is often wrong.
Now we must plan for the gold long trade until june.
This do not mean you will trade right away, this early its an idea, and the idea need evidence before we enter.
Remmember we dont not gamble away our money, protecting capital is rule number one. Thats why i started posting
to save traders from throwing away capital on gambling liek trades. You have better odds in the casino.
Stay patient, enjoy life, work on your hobbies, do not watch to much news or others oppinion and do not stay glued
infront of the screen, the trades dont come faster because you watch the screen 30x times a day. Just need to watch the close,
when cycle gives signal we cn watch price more often.
Note
Note
We are expecting a downmove and should not be a suprise.I am gonna use the next 1-2 weeks to find undervalued goldstocks and will analyze their financials and outlook. As price drops these stocks will get cheaper since they are correlated to the gold price.
That will give s a good entry for the leg up and leverage for gold price.
Also if ou get good gold projects, as the project completes the price can go up regardless of if gold price drops, gives more safety.
Note
Just need to wait and let this play out.I have done some homework and i am locking into on gold stock.
Ticker: Brixton Metals Corp (BBB) it trades in candian exchange TSXV.
I am buying and adding my position at 2 or under, i will accumulate this.
Remmember with exploring stocks minners, its take time before they drill and get the results it cycles in the year, based on weather and work.
BHP one of the bigges mining companies in the world have taken a stack, the discovries they are making has realy good rock, and they have a realy good gelogy team. Its priced very low based on what they have found so far and what the potential is. Crazy.
These stocks can move 100%-200% if gold price move and they dilver good drill results.
Note
Playing out nice.
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