Last week I repeated my earlier recommendation to buy CEF, trying for 11.72. It hasn't pulled back to fill that gap @11.70 yet but possibly today or by the end of this week. Put in GTC limits @ 11.72. Once the gap is filled CEF will soon be taking out 12, then it's recent highs above 14 and eventually it's all time highs from 2012 near 25. Last chance under 12.
Tuesday morning before the open I recommended buying CEFwhen it was around 11.40 & a 10% discount to NAV. It is already up 50 cents and still at a 7% discount to NAV. Try today with limit orders near 11.72 to BUY CEF. This is still a great deal trading at a significant discount. It is the safe, conservative way to participate in the upcoming gold & silver bull...
Same setup as XAUUSD, see related ideas. This one's specially good for people trading equities. Good luck, Ivan Labrie.
Yesterday, I recommended UVXY to hedge equity exposure and or benefit from the resumption of the stock market crash. In the past I have recommended the FXC currency etf to hedge against the coming decline in the US dollar, and now I am Strongly Recommending Overweight positions in CEF, Central Fund of Canada (closed end fund holding physical gold & silver) to...
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick. If we break above 13.73, we could see long term uptrend continuation. CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver bullion. CEF is...
We're already long here with a very tight stop. I'm looking to add next week if we make a new weekly high, there's a considerable chance that this stock launches into a strong thrust to the upside from here, so try to take a small position initially at least. Good luck! Ivan Labrie.
PM bull market is strengthening. Head and shoulders breakout. Cup and handle formation. Short term getting a little too exciting. Probably short to intermediate term pullback.
Its an election year and the Dollar starts a RISE on Sept 3 when it normally heads down....therefor a decline in stocks may occur where a rise is normal from Sept -December.! A rising Dollar is also competition for Gold.