It’s Monday morning. It’s 6:45 am EST. And, what are we looking for? A movement in the metals and miners on volume, right?
Well, don’t look now, but it’s Day 8 since the first pop to catch our attention… and, gold is up bigly overseas!!! Gold AND silver are each up in price more than 1% overseas as I type.
THIS is the type of price move we look for… now, we must see how it translates here in the States, after our markets open this morning.
IF, by either 10, or 10:30, if you wish to be as cautious as is prudent, and prices for the metals and miners are strong, with volume pushing them hard… THIS would be a time to jump in.
I’ll be looking, and I’ll be wanting to take a position in NUGT, as well… I think. The thought of being triple leveraged scares the bejeebers out of me, but it’s been a long winter; spring has yet to arrive, and I could use the excitement!
Here’s to your accumulation of real wealth!
Harold F Crowell
Sure was right about waiting until after 10…. almost 1/3 of the early gain has been lopped off, from more than a $16 increase to now $11 and change.