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

By Gary SavageCommoditiesFeb 13, 2017 12:10AM ET
www.investing.com/analysis/chart-of-the-day-%EF%BF%BD%EF%BF%BD%EF%BF%BD-$gold-200175452
Chart Of The Day: Gold Rally Hasn't Topped Yet
By Gary Savage   |  Feb 13, 2017 12:10AM ET
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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
Gold Weekly 2013-2017

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

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

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Comments (4)
Sarah Serra Prucha
Sarah Serra Prucha Feb 16, 2017 11:53AM ET
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Gary, do you hedge with VIX..like the TVIX or inverse JDST?DUST?
Sarah Serra Prucha
Sarah Serra Prucha Feb 16, 2017 8:43AM ET
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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???
Feb 14, 2017 5:43AM ET
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That's nice
tasso pepi
tasso pepi Feb 13, 2017 4:32AM ET
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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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