GOLD – IF YOU MISSED IT – GOOD!

GOLD – IF YOU MISSED IT – GOOD! 

We’ve been saying it time and time again in this space and that is:

We sell trend channel resistance and buy trend channel support. That’s been the whole trend with the indexes for months. So that said, let’s really look at some gold stocks:

If you are buying here you are chasing it after the fact and late to the party. Let it pullback and come to you.

Ask yourself are we closer to trend channel support or trend channel resistance? It’s all you need to know.

Now you know why we say :

If you missed it? GOOD

If you are thinking of buying it? DON’T (or at least we won’t till they hit trend channel support or a POH longside set up develops) CHASE THAT BUS.

If you are long gold and related expect a pullback which is normal.

For us? When these names mentioned above get back to trend channel support we’ll be talking more about them with our subscribers. But not now.

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