The leveraged metal portfolio is now up 150%.
It’s late enough in the daily cycle that I’m not going to push this any further. If we get a final pop to 1240 after the FOMC meeting so be it. The next great buying opportunity should come along in 8-10 trading days at the next DCL.
That should start the second leg of this intermediate rally that will take gold over $1300.
Unfortunately most of you won’t be able to buy at the cycle bottom as the technicals will say we’re going down. Human behavior never changes.
Most people buy breakouts and sell pullbacks. What you need to do is buy pullbacks and sell breakouts. But the majority of traders emotions prevent them from doing what they need to do to make money in a bull market.
How many times have I said this? The time to buy is when it’s hardest to pull the trigger. The time to sell is when you are the most worried about missing “the move”.
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