Miners Are Hinting at a Change
As will be the norm much more often than not, my precious metals analyses will be part and parcel of the freely accessible Stock Trading Signals analyses. Here within Gold Trading Signals, you‘ll find the trade position calls and surrounding reasoning regarding gold whenever required.
Enjoy today‘s gold analysis – it‘s the second half of it as usually.
Copper taking a plunge, oil as well, silver under pressure – yet gold isn’t tanking. The yellow metal recovered from another visit to the $1,725 mark, and miners managed to swing higher on the day – even though they were repelled. I view them as likely to turn up next. Time to revisit the prior trading decision.
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Thank you,
Monica Kingsley
Stock Trading Signals
Gold Trading Signals
www.monicakingsley.co
mk@monicakingsley.co
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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Thank you for making your expertise available to us. You write an interesting analysis
Thank you very much Erwin, I'm glad you're making it fit your trading needs.
Following you on this trade…though I went long the June futures, since first-notice on the April is on Tuesday next week. Are you long the June contract (GCM21) as well?
Thank you Ed, the nearest expiry where liquidity moves, is the right place indeed to be. GDX keeps sending conflicting intraday signals – seeing it turn higher, outperforming gold is key. Thus far, we have just gold refusing to decline in what could turn out fake underperformance of the miners.