Hi 64 only observations i have is for those who did the hard work and took the risk on gold at 1200 and copper at 2.60 the support held gold now at resistance 1350. hit it. tagged it and pulled back hoping will get through but only thing is dec to march run almost over so really dont know
but it has clearly set up macros for all the laggards. if they can produce something internally then they will run finally. those calling gold at $800 again look like talking through their hats now likewise copper on run and all base metals plus energy all under the microscope for next winners in these macros
copper still on run back form 2.60 to 3.20 so lots of upside and base metal run we spoke of is happening. hch back and doubled. bhp new high. nst ncm etc etc
decision time whether sell some or hold for next run that is an individual choice for everyone
then we have the laggards. snout and tanotfa excellent calls on waf potential here
moy reason for being held back is out this morning. a cap raise. surprise surprise
oku churn. some results out and more to come so undecided
gor is a big pick for me and finally through old high. new high through 83c but will it hold here
these are the questions i grapple with
svl got a start this week. is its fa any good though
back to moy. this cap raise is normally followed by a run so moy and gor are both potential winners here for the patient
but lots of others. hch went through the cap raise process and surprise surprise has doubled.
that is one little observation i have picked up over the years. so will moy finally run now
then we have u stocks and energy stocks. snout did a great summary the other week with a pretty comprehensive list
pru was the easy trader on gold for this run but others have done better
there was something else on this run i posted on the vix when it broke 20 and ran for awhile that stocks to follow. it worked at least for me. so in next slump period that is one little indicator i will remember to watch for. vix runs then after all seems safe for market then retail buy back in. so i will watch the vix the next slump period we had which has been many years. that run in dow for 7 years after gfc sucked the money out of the specs. a bit of volatility in the vix sees money flowing into dump of an asx. anyway i wrote war and peace again so a bit over it and just want to mull over my choices here. i have seen goldies decimated from highs before especially after march so expect i will trade the spikes as we go i said 2 years ago i am on maintainance with my stocks and now is decision time as you and i have said in the past on spikes sell some and hold some is safest
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