It's time to move into the arena of leveraged plays on precious metals . The ratio charts tell me leveraged plays are now outperforming non leveraged which is further proof this gold rally is for real . I like this one because it's a leveraged play on the canadian gold index which contains some of my favorites such as Barrick, Kinross, Wheaton, SSR mining and many...
Leveraged Canadian Gold Miners. Refer to XGD for the base security of this fund... Up until recently XGD was outperforming HGU by a large margin. That recently changed as i see heavier bets coming into leveraged plays so im on board. Moved some of my XGD position into HGU today.
Since inception in 2007, this ETF has lost more than 90% of its value and it seems nobody is looking at it.
However, there is no denying that this ETF has been performing pretty well while techs are failing pretty badly these days.
As we can confirm MACD Golden Cross on a monthly basis, we might be facing a great opportunity to be in.
We should be aware of the...
HGU leveraged gold miners beaten like a rented mule down to fib support. Added some today. Might go lower to the next fib, i dont care it's a deal here.
HGU reverting to back no normal levels as gold takes a step back. Historically Gold tends to follow the stock market in times of high volatility (during the 2008 crash and again during the 2020 crash that also sent gold miners reeling short term). Here it seems that it is reversing as the market puts on more risk and seems to be becoming very top-heavy.
HGU...
As I always tell people, watch the seniors and you will have a premonition on the upcoming movement of Gold.
Many leveraged funds and senior stocks are currently forming an elongated cup, and just coming off a handle in many cases. Expect a rest for Gold slightly, as we move our way to 1580, and in about a months time (around March) Gold should be near...
I'm not too familiar with this sector, but with the fears of a recession I'm giving a slight edge towards the bulls. This is definitely something worth to put on your watch list . It bounced on the bottom support line today and will probably make an attempt to for a breakout in the next day or 2 .
If we take a step back on the weekly chart we can see that the...
Whether it's seasonality, or the fear trade, there is one market that is definitely undervalued and that is the precious metals.
HGU is challenging resistance, and putting up a flag at the most opportune time.
It's go(ld) time.
Considering I'm anticipating the worst market crash / bear market the world has ever seen.. $9 seems like an excellent entry. Nov. 11, 2018 11.11.11 thats the day wave 3 down starts.. ;)
