11 This was a great week for PM traders like me , after all everything went exactly as I expected
and even few of my faithful followers nailed it big, but – I need a little rest now.
I have closed my DUST position and have covered my NUGT short.
My other PM miners short trades have been twitted in real time and I know some of you scored, congrats.
What lies ahead of us? I believe more of the same, but we need to bounce a bit here.
After all every bear market has to have an oversold bounce, so Dr is probably right – may be next week.
I will not bet on it though – as you know I believe in riding trends and trend is down,
as soon as I see otherwise I will tell you.
Happy trading,
Mr.P
PS: MY GP target is so low that I am afraid if I post it here some of you might have a coronary, so not today kidos.
11 Responses to “Gold: another week, another $”
flyaway18
Only your partner knows it lol!
What do you own these days via the TSX that also sells on our side of the border – was checking out RCI – wowza, what an awesome chart. THI has had a nice run too. A bit too frothy right now though for those two.
Mr. Partridge
still holding RCI TU BCE THI ENB
TSX is negative for a year – wrong market to be long for now
Mr. Partridge
You realize at my GP target many of seniors will go belly up and may be 50% of juniors will be delisted – this will be total annihilation of the industry, this would be very sad…
flyaway18
It’s not a pretty sight now, God knows what it will be like if it hits your target. I remember when we bought the GDX at $34 and GLD – we passed at $92 – hmmmm….- have to watch and see….
flyaway18
That was almost 4 years ago….
Mr. Partridge
Yes, good old days….
Remember I played some national trading competiotions… against some pros… or so called pros.
Jose Mann
gold opened down 45 bucks, WTF …
$1422 according to kitco …
Frog
Wat is GP? Sounds like you are talking about gold, but where is it called GP?
Mr. Partridge
Gold price
Mr. Partridge
I call it this way
Mr. Partridge
I have an educated market commend to conclude todays trading in PMs – HOLY FUCK!!!