Loading ...Thanks for posting your actions and thoughts on the PMs situation, so now I’ll add mine to the conversation. The first half or three quarters of 2016 things looked great. Then Brexit news and Trump campaigning knocked everything down to late ’16. So I just held onto my losers, too cheap to sell, and have done pretty much practically nothing.
A couple of tiny break even trades here and there for practice, and gave up. Imo its practically impossible to make any bigger bets with all the distorted prices and abnormal trends and market action. I can’t trust any breakouts trends etc. On hold now and just waiting for the right thing to hit the news. I still think, and am confident, that Gold hit rock bottom in late 2015.
And the Dollar has been dropping so hard for seven months now, its making me think its a man made TPTB manual adjustment for longer term. Sooner or later a shift in tide will happen. Also, all the positive economy news, and over confidence with stocks real estate, often happens on turning points.
Remember all the times Gold was on highs, and they blab away on it in the news that its going higher, and down it goes. same thing on Gold lows. It goes below $1100 and everybody says its going to $900, and up it goes.