It’s nice to get some real conversation to re on hot copper for...

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Bluey454

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15/09/19

19:28

Post #: 40428867
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Originally posted by john risk: ↑

Hi area

I also hold long GDXJ and a small holding of URA.

The URA holding I had to halve as I bought it around 13 and when it got close to 12 I decided to reduce my exposure by half, because if this stock market turns into a bear, then I think I would be able to pick up some more URA for below 8.
I may reduce my GDXJ holding if gold stocks continue to move against the spot gold price, but I monitor this condition closely.

I bought into corn at 322 and sold out at 348, I will wait until I get a long term buy signal on the weekly chart before I look for a longer term hold.

The ETFs I am looking at will be a blend of SPY, SSO for long US exposure, SSO being leveraged. The others on my watchlist are TECL, IXJ, CURE, IXN, and for more specific asian exposure I am interested in INDL and CQQQ. I have quite a comprehensive watchlist, but I like these at the moment.

If its a fast bear drop < 12 months I will probably buy SPY,SSO, but if its a slow bear >18 months and I have time to accumulate I will probably buy most of those mentioned above.

I am no where near my buy levels yet, hope that helps give you an idea. We are overdue for a bear, now that we are 66 months into this bull, but the longer bulls can last about 8 years, so its possible this is a well overdue correction, but I am cashed up just in case the bear comes out to rip the bulls apart.

good luck

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It’s nice to get some real conversation to re on hot copper for change
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