In this video, I describe my trade idea, how I executed it, and recap the move it is making towards my target. I also briefly explain how I am reducing risk.
NEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event....
This video is about XAUUSD physical gold price and some gold stocks! Physical gold looks like it will go up another 12 percent but the stocks look like A 30-40% move is on its way!
