This is the lowest risk idea to hold for a decade here and add to it from savings or profits generated in other shorter term accounts...Ideal fit for a long term account, to simply sit in it and add gradually, never selling until this pans out. I'd say this has 10% downside risk due to the monthly chart structure, but upside is enormous.
Cheers,
Ivan Labrie.
Cheers,
Ivan Labrie.
Comment:
Daily, weekly, monthly AND yearly timeframe trends are UP. This is a monster trade.
Comment:
Comment:
Looks like it's stuck range bound here, unless we get further rising real rates, I'd say it won't deviate much from this area. That said, it is likely dead money for a long time until the yearly uptrend takes back control.
Looks like it's stuck range bound here, unless we get further rising real rates, I'd say it won't deviate much from this area. That said, it is likely dead money for a long time until the yearly uptrend takes back control.
Trade active:
I like how deep it went and now we have a potential move in $DXY looming, further confirming this setup in the mid term, and also gold and silver daily, weekly and monthly aligning for a rebound trade, while yearly is in a deep long term buy zone.
Time to jump into some investment positions with a long term time horizon here...
Comment:
So far, so good...If it holds over these lines here, it's in good shape.
