Loading ...In fifteen years I have read a million pages of commentaries, looked at seems like a million charts, and heard another million reasons on why gold does what it does. Here is my conclusion: Aint nobody knows. Except the puppet masters and they aint talking to the likes of me.
I am trying to make this trading as simple as I can. I have started building a core of mining stocks that I will use Floridagold’s 10/20 cross to guide me as to when or buy or sell. His simple rule seems to work, and fits my goals. No more riding PM stocks down into the Zool. Been there, done that. The stocks I hold represent about 25% of my total trading account value.
I keep 25% in cash at all times to be used for extra ordinary events. N Korea nukes Japan or similar event.
The remaing 50% I use a 3x leverage ETF to ‘make money’. And that is pretty simple trading strategy with a 50/50 proposition with each given day. Gold either goes up, or it goes down. After 15 years I can usually catch it doing one or the other, enough to make a few bucks at the end of the week/month.
So far this year, it seems to be working for me. Its all good, except the amount of time I have to spend nursing the trading account.
Will continue following the same ‘program’, making adjustments as needed. A lot of prayer and luck helps. 🙂