Gold should give us the setup for long trades sometime this week. I have covered and will continue to cover the potential trigger events and technical targets for metals in the nightly reports.
Remember the time to buy is when you’re scared. We should start to see fear this week.
Remember about a year and a half ago when we got caught in the gold breakdown right before the election? Remember Avi, Alex etc. etc. falling all over themselves to call attention to our trade, even going so far as to publish articles about it? We gave back a big chunk of our baby bull gains on that mistake. Of course unlike other analysts I make real time calls. I don’t give traders multiple scenarios and then pick the correct one after the fact or tell you maybe this will happen or maybe that will happen and then two months later claim to have called the exact turn. Most analysts got caught in the election night reversal as well but since they will never do a real time portfolio they can claim to have sidestepped the damage because there isn’t a record of their trades.
Yes we got caught. Now a year and a half later the SMT metal portfolio is up 371%. It is possible to recover from a losing trade. And remember these are real time trades, entries and exits. Not the BS multiple scenarios or maybe this, maybe that crap you get with most analysts.
Now a year and a half later how dumb do these guys look? Who’s been laughing all the way to the bank ever since those articles were published ? These guys are the perfect contrarian indicator. When they start talking smack it’s time to buy an SMT subscription and start making money 🙂