There are still analysts talking about the Commercial traders always being right in the end as if the CoT buildup has been some evil operation against gold. It makes a…
While we have been on a bullish path, and momentum, breadth and ‘thrust’ imply more upside ahead I want to let you know how I, the same faulty market participant I have always been*, am proceeding.
Heading into this bullish phase (including in precious metals) my tack has been to take profits when presented and then try to be patient in reestablishing positions. After the post-Brexit euphoria ramp (or whatever this has been) I am making like ‘Old Turkey’ (from Reminiscences of a Stock Operator), and sitting tight in some areas and making like a zealous profit taker in others.
Sometimes simpler is better. For months now, and right through the Brexit drama we have been noting simple technical and fundamental items like a NYSE breadth ramp up (see bottom…