Loading ...My experience has been that any ‘news event’ driven story that pops the PM’s usually does not last more than a day or two. After watching the pop this morning, I figured it would slowly come down by days end. Which almost did not happen. I bought DSLV ( another 3x etf but based strictly on the price of silver ). Bought it at -6% at the open, by 1;30 it had only gained a little (down 4%). Started to take my little bit of profit but decided to hang on until Ole Yeller opened her fly trap. That made all the difference in my trade today.
Had some JDST and JNUG this morning. Sold my Jnug early, wished I had added to the JDST ( which was up 16%) at one point today. But I have been experimenting with other things like DSLV as an alternative to the ‘J’s” since that rebalancing of the GDXJ has been really freaky the last few weeks. So ended up with about a 5% gain instead of something much greater. However, the JDST did come through and more than cover the bloodbath in my PM stocks.
So today is in the books, I wonder what the overnight markets will do? Â Looking for a sign from them as to what tomorrow may bring for Gold & Silver.
There’s got to be a easier way to make a buck ! 🙂