Bajista (Short like HELL) till September
Another final leg and dramatic leg down to check the covid lows during September this year.
1) Shorting to 30 I consider a low risk trade, but this is me and my risk analysis.
2) Once in that level (28-30), GDXJ could bounce a bit . Most probably is that it wont be A MAJOR low, as I wish and would like. I have not considered the posibility of visiting the covid levels until now but I think they will (Miners). So if prices breaks previous lows (25,80$), it could go there easily.
Now i give high chances for that to happen. So as and investor, I would sell miners now and wait until September to buy them back again.
And as a swing trend trader I short like hell and reduce my exposure as trend advances and gets close to target, because the risk of a change in trend (again to UP) at any moment gets higher.
Gold also down back to 1680-1720 levels.
September Shirt (Buffalo Tom)
www.youtube.com/watch?v=iDySkruL...
A modiño.
1) Shorting to 30 I consider a low risk trade, but this is me and my risk analysis.
2) Once in that level (28-30), GDXJ could bounce a bit . Most probably is that it wont be A MAJOR low, as I wish and would like. I have not considered the posibility of visiting the covid levels until now but I think they will (Miners). So if prices breaks previous lows (25,80$), it could go there easily.
Now i give high chances for that to happen. So as and investor, I would sell miners now and wait until September to buy them back again.
And as a swing trend trader I short like hell and reduce my exposure as trend advances and gets close to target, because the risk of a change in trend (again to UP) at any moment gets higher.
Gold also down back to 1680-1720 levels.
September Shirt (Buffalo Tom)
www.youtube.com/watch?v=iDySkruL...
A modiño.
Trade active:
My only concern from last week action is that MINERS still move a bit up before falling, and this move could extend till end of the monthor beginnig June. Depends on dollar and Gold.
Trade active:
Idea keeps going. I think the final bottom will come later, may be October, could be November, but September is a bet early. Could happen, but as I see the whole thing: DXY, GOLD, and indexes (GDX, GDXJ), i am more confident in late October - November at the moment.
I am begining to post my ideas in Spanish, and i think that anyone interested in the charts can only read them changing the language to spanish and see the bell with advice, even if I am in the following list, i think you wont get the advice. Thats how TV works. Dont know if the email works in that case, better.
I am begining to post my ideas in Spanish, and i think that anyone interested in the charts can only read them changing the language to spanish and see the bell with advice, even if I am in the following list, i think you wont get the advice. Thats how TV works. Dont know if the email works in that case, better.
Comment:
It did not fall as much as I expect, so far.
I closed my short positions and open long (small one) till end of july.
Dollar will probably bottom 98-99 and then we have to see what happens.
End July Fed meeting could rise interest again.
I closed my short positions and open long (small one) till end of july.
Dollar will probably bottom 98-99 and then we have to see what happens.
End July Fed meeting could rise interest again.
Comment:
So the rest of the month is bullish and GDXJ could go again 38$ level.
Comment:
Or even 40$-41$ the most. I dont think it will pass this level.
Order cancelled:
I have updated my view. Bearish game is over.
Sector could enter in superbullish mode.
Sector could enter in superbullish mode.
Lighting and thunder before the storm. Storm that i fell will afect other commodities not just metals and precious metals.
SIn cambios. Bajista 100%
Los movimientos de repunte de estos días son como los rayos y truenos que anteceden la tormenta, que me da que afectará a otras materias primas, no solo en los metales preciosos.