Have been sidelined on gold for a long while but recently took to buying small parcels of slr and drm . Was trading drm for the 10% gains and side stepped the recent drop and predict a low on that stock of about 0.40. Not trading slr but slowly building a position based not on market sentiment but historical events and big player movements in the game.
Moving in small parcels because when the GFC struck I bought early in the morning and lost 50% by the afternoon. Picked the day of the bottom but it took a while for value to return. Not sure where slr will bottom but will keep some powder dry to throw on the fire when the embers show some life.
At some point the fed will inevitably raise rates, gold will not be printed like the paper it is valued by and everything will go up. Good luck picking the bottom, I would be happy to get in close.
Could be the W on the chart this week. Lets just wait and see.
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