I feel pretty confident GLD will pullback more and will almost certainly make for a good long when it is wrapped up. SLV is a bit trickier, it has looked better than GLD or more advanced in the accumulation process since we first started looking at them this month and acquired the long 2x ETFs on 4/4 and sold on 4/9. Again, SLV looks a bit more advanced than GLD, it also has enormous short interest, but again, I can't take the trade based on it looking good here, I need it to look GREAT and if I miss it, so be it, but I think SLV will pullback a bit more before it's ready.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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