Thread: Bear Cave 2 (Bull Allowed)

I trade SILJ GDX, GDXJ, SLV, and AGQ indexes. I'm currently long some EQX too, for a trade only. It is a small position.


Gold Stocks Bottom: Near But Not Quite Here



Dec 10, 2021 Gold Stocks Bottom: Near But Not Quite Here Morris Hubbartt 321gold ...inc ...s

For the record: I don't really care for the 321 gold site overall, as there are to many conspiracy theory dudes posting there. However, I don't read most of the crap posted there. Lots of gold bugs are conspiracy theory dudes. There are a few guys that just post their market thoughts on the metals and miners and keep the political crap out of their comments. Those are the ones I read their comments, and some are above average traders. LOL.... Everyone has an opinion and I respect that, but I don't have to read it. The last site I posted at was full of them so I stopped posting there. We should all just stack gold, silver, and buy guns, ammo, and MRE's for the end of the world is coming. The gap guy was right at the top and always claimed to know what gold would do next. Just because you are educated, and a good writer DOES NOT make you a GOOD TRADER! LOL.... I have seen lots of good writers claiming to know what the metals and miners will do next and lose LOTS of money. They were POOR traders. The metal sector is one you should NEVER have more then a 10% max position. Well, that's my opinion anyway.

I just trade the miners not the metals, and I don't stack metals in my gun safes.

My last buy...... I like to shoot at the range for a hobby with my son. Sorry, I will not be posting xmas pictures with all of us holding AR-15's. I shoot much less these days due to the high price of ammo. LOL..... up in smoke for sure.

https://cz-usa.com/product/cz-shadow-2-orange/

SLV daily and the COT report: The data for SI continues to improve as the price moves lower.

Ordering one of these next year for my Birthday. I like to shoot 22 LR targets for fun, and it's much cheaper then shooting center-fire ammo. I currently have a pretty good set-up, but a Vudoo Ravage will step it up a notch.

Have a nice weekend!

https://vudoogunworks.com/rifles/ravage/

https://www.youtube.com/watch?v=O8BnGrvnrww

That is SWEET!

Originally Posted by bleeck

That is SWEET!

Thanks! This is my current plinker, but my scope is a tad better then the one he is using. I will use this rifle for a fun gun, and the new one for serious target shooting. This one is just like a Ruger 10/22, but with upgrades.

Volquartsen VM-22 Rifle
https://www.youtube.com/watch?v=Y-ruad2ZwGs


My current plinker: See picture below.

My scope: Sightron SVIII 5-40x56mm ED IR Zero Stop Riflescope: They run around 2k when they are on sale. I will be putting this scope on my new build.
https://www.opticsplanet.com/sightro...iflescope.html

We are still seeing an above average short position by the commercials for ES on the weekly COT report. Maybe it doesn't matter, but it's still a data point I track.

For the record: I DO NOT trade based on the COT report, but it sometimes sends out warning signals to keep positions a tad smaller.

Gold/GLD Monthly charts:


Gold – Still Waiting on a Trend

This is the one chart to watch for gold’s next trending move. Gold is in a monthly triangle consolidation. In a triangle consolidation the cycle low can migrate to the apex of the triangle. A bullish close above the declining monthly trend line should result in a powerful trending move.
https://likesmoneycycletrading.wordp...ng-on-a-trend/

Dec 03, 2021

The gold miners' stocks continue to vex contrarian traders, toying with herd psychology. They blasted higher to a key technical breakout in early November, building bullishness. But that was soon dashed on the rocks as they plunged into late November, fueling bearishness. While such schizophrenic action seems capricious, it is all driven by how gold-futures speculators are trading to bully around the yellow metal.

Gold stocks surged higher in recent months fueled by huge gold-futures buying. But when those upside bets on gold grew excessive, heavy selling soon erupted to rebalance overall spec positioning. That is what hammered gold stocks back lower in recent weeks. But speculators' gold-futures-selling firepower is very finite just like their buying. The next couple CoT reports will offer key insights on whether it is exhausting.

Dec 03, Gold Stocks' Futures Ride Adam Hamilton 321gold ...inc ...s

December 3, 2021
Seasonal Gold Rally

Since US citizens could once again purchase gold in 1975 there have been thirtytwo years with a positive bias from a November/December low into late January.
Twenty-six saw prices drop enough that a rise in the RSI(9) back above 35 by the
end of December identified an interim low. Realistic stops were three percent
below the swinglow. Most lows also generated a Sequential 7 Buy Setup.
Both criteria are now in place.

http://www.321gold.com/editorials/hoye/hoye121121.pdf

I have been buying some shares again during this beat down. We shall see if we get a bounce, or gold just continues lower. This is a tough sector to trade.... I DO NOT invest in the metals or miners. I only trade this sector.

GOLD DIVERGENCES
Dec 4, 2021 | Gold

Gold has been diverging from macro and market data. Our macro-driven gold price indicator (a fair value forecast based on macro inputs like the DXY, yields and CPI) has jumped as higher inflation overcomes the negative impact of the strong USD.
https://www.variantperception.com/20...eid=5b348a9ca0

Hmmm..... Wait until the next Bear market and new investors start BTD way to early.

My current position is a ST trade. We shall see if we get the bounce next week.

Gold update looking for a bounce on the FOMC meeting

https://www.youtube.com/watch?v=AnxxSHor5_U