A Bit Late to the Party?

Thursday, May 5, 2022. I have just updated the timer… We have JUST lifted off!!!

The price of GLD had declined below its 2 lower trading bands. F1 had declined to 4 which was a good signal. F2 had touched -10, and was a good signal. F3 had even gotten all the way down to 3 and was a very fine signal. F4 had attained a -9 reading for also being a very good signal. F5 did NOT signal, but it did get down to as low as 47, which was close. Finally, F6 had dropped to 4, and that was a fine signal.

The OEXpert 7 Stock Market Timer, which the creator, from 1992, had told me would work on anything, has given a signal that risk was wrung out as of earlier this week, and I should have been on top of the situation and to have made a market call… But I had been remiss.

In any case, this looks like a true rally may be getting underway, and our gold and silver metals and related holdings are all benefitting from it. Feel free to jump on, put a short stop-loss in place, and try to go for a profitable trade, if trading is your thing. It’s not mine. I just try to call the tradable lows from which to go long from. That’s enough!

Harold