Bull Market 3X ETFs
Triple leveraged ETFs can be held through a bull market.
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Monthly Archives: January 2017
GOLD UPDATE
Gold Update
There is now little doubt that the yearly cycle low in gold is behind us and we are in the advancing phase of a new intermediate cycle.
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CHART OF THE DAY – OIL
CHART OF THE DAY – Gold and Silver Index
Gold and Silver Index
Folks, prepare to get schooled on how bull markets work.
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CHARTS OF THE DAY – GOLDEN CROSS – VOLUME
GOLD
Gold is now in the advancing phase of a new intermediate cycle. Bearish sentiment at the recent bottom was among the most extreme readings we have seen in the past 40 years. This should be the fuel to drive a really big rally.
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CHART OF THE DAY
CHART OF THE DAY – HALF CYCLE LOW DUE SOON
Gold – Half Cycle Low Due Soon
Gold is 13 days into its daily cycle. At some point soon there will be a dip into a half cycle low. That will be the next opportunity to buy long.
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CHARTS OF THE DAY – $XAU
SOME THINGS NEVER CHANGE
It never fails. 90% of traders buy at tops and sell at bottoms. The time to buy is when no one wants it. The time to sell is when everyone can’t get enough.
Without fail the SMT sees the biggest inflow of new subscribers after we’ve already made big gains. Never at the bottoms when we are getting into positions, and taking drawdows while we wait for the trend to reverse.
Maybe just once people will try something different this time. I doubt it though. Human nature never changes, and that’s why most people never make any money in the markets.
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