Apologies for the late posting. This report was written on November 1, pre market. It fell through the cracks in the between two other posts. Not that you missed anything!
Gold made a double bottom that looked consistent with the expected 13 week cycle low due in this time window, but over a week later it has failed to show any sign of thrust. A daily close above xxxx is needed to get anything going on the upside. Otherwise gold will remain at risk of a breakdown into the xxxxs.
The gold mining stocks’ swing trade chart pick screens produced 26 charts with second or third buy signals on Thursday and Friday, versus zero sells. That means that 52% of the screened stocks produced buy signals versus none on the sell side. So I reviewed the 26 charts, expecting to finally find a few to list as buys for Monday morning.
The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.
Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk.