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Chart Of The Day: Gold Rally Hasn't Topped Yet

Published 02/13/2017, 12:10 AM
Updated 07/09/2023, 06:31 AM

I gave everyone a very simple strategy to make money during this intermediate cycle for gold. Get long and stay long until the weekly stochastics at least reach overbought and the intermediate trend line is broken.

In a bull market surprises come to the upside and it’s never advisable to lose one’s core position. This rally isn’t going to top until sentiment gets excessively bullish. Right now sentiment is dead neutral and it will take 5-10 more weeks before sentiment reaches 75% or higher.

Gold Weekly 2013-2017

Latest comments

Gary, do you hedge with VIX..like the TVIX or inverse JDST?DUST?
I am staying the course on my JNUG now up over 100%.. But my NUGT a later entry is near even give and take 5%..I was thinking JNUG to hold long term and maybe add a bit on 20 to 30% dip .And NUGT to trade more often...but maybe i need to hold that too even on a dip since we dont know spike up or down pre market..for this flat period???
That's nice
Great Article Gary.. Proves how simple still is very effective, so much clutter and ******being taught at the moment, this article and trade was fantastic.. . thanks.
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