NOTE I got cut off at the end of the video. The point I was making was simply that even if GLD and SLV break out from their multi-month falling wedges on their respective weekly charts, I still would like to see a better entry point first before taking either one as a trade.
Hey Chess – on your GLD & SLV comment – What would the better entry point be? Are you saying that after a breakout you’d wait for a throwback for your better entry point?
Thanks again for posting these recaps. They are money in the bank.
Their daily charts are not that extended, actually. I just mean in terms of having conviction that their are out of their consolidation zones and back in uptrends.
Like a braided donkey I decided to short AGQ for a trade. PMs need a little breather here
Price action reminds me of Dec 2010 ..
Buy the dips .. we’re going higher..