I am still long in miners, and it has been clear over the past week that gold has broken it's downward trend.
Depending on how my natgas trade plays out over this week, I will be taking my profits from that trade and buying any dips in gold .
Gold seems destined for the transition area right now, and a strong close above 1165 on the week is key.
A close over 1180 for the week would be golden here for bulls...pun intended.
secondly,there are signs that hedge funds are slowly started buying ,and despite the fact that they are trying "spreading orders technique " (diluting orders coming from different exchanges ,so its not picked up easily by AI banks algorobots analysing history and volume of trades per second) ..we can see that things started moving into right direction...
Personally,i expect a very interesting action by Friday..
GOOD AND PROSPEROUS TRADING TO EVERYONE IN 2017!!
Yes there will be lots of action tomorrow after NFP.
Thanks for your continued support of my ideas, I appreciate it a lot.
entering the PM market..small retail investor/ttaders like myself ,in my experience,can not move the price up of so many companies to that level in one session....only hedge funds can do that..
Also,we have seen some interesting action in option market ..it is noticible spike in volume of calls on some large players.especially,for next couple of months...this is very positive..
Thanks for your ideas..i do appreciate your balanced and thought through detailed approach ..Best of luck with your trading!!
There will be more money inflows into these stocks over the course of the next few months.