Slow move down the road
Choppy move in Gold and also is MIners.
So I expect an intermidiate stop at 37$-38$ for GDXY sometime in the first two weeks of July. At that time, gold should be at 2200 (futures, cash is about 20$ more).
So i will close my short position at that level.
Enter a long I still think is risky as weeky and monthy trends are bearish. So each one should trust in their only analysis and risk to do so.
I will probably enter a long position for some days, normally 6 to 8 trading days is the more It colud last the rally., but is not worth if you no are levaraged somehow.
After that i will probably enter a HUGE SHORT position again FROM 40$ or so (as I expect) to ...could be around 33...still to be seen...in end August or September, with gold around 2000$.
So I expect an intermidiate stop at 37$-38$ for GDXY sometime in the first two weeks of July. At that time, gold should be at 2200 (futures, cash is about 20$ more).
So i will close my short position at that level.
Enter a long I still think is risky as weeky and monthy trends are bearish. So each one should trust in their only analysis and risk to do so.
I will probably enter a long position for some days, normally 6 to 8 trading days is the more It colud last the rally., but is not worth if you no are levaraged somehow.
After that i will probably enter a HUGE SHORT position again FROM 40$ or so (as I expect) to ...could be around 33...still to be seen...in end August or September, with gold around 2000$.
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