Tuesday, September 4, 2012
You blew it. Look at the action. Several of our favorite miners were up 10% today and silver and gold have really blown out. This looks like its left you at the station and to jump on now would just be to much chasing for a prudent investor. Well maybe that's right but no reason to panic since what will happen in the world of the big boyz is just the opposite. These confirmed breakouts with coming mo mo movement will only be added on to. The problem for retail and some of the uninitiated momo chasers is the coming volatility that will destroy your positions. Breakout moves tend to run hard both ways so that the experienced traders can be quickly unloaded by the big players with the experience and the unlimited shorts. As stated previously this will NOT BE AN EASY TRADE. So look at your charts and pick your spots as this trade develops. Unfortunately I'm busy most of the week so I can't spend the time to pick targets yet....but I will next week and maybe this week if I get time. This is so early in this move that its really better to sit tight for most of you and just let this game develop. Its going to be an amazing set of fireworks. I chatted with a friend of mine that likes to trade a couple of miners. I know his strategy and it works for him but he's always missed the big runs on his miners and I asked him to let me know when he traded out of his GPL position. He assurred me that he was going to hold a core this time and only trade a portion. I know him well and knew as soon as he was close to green he would dump it all. He didn't disappoint. By last Tuesday he was out of his entire position. I knew then we were going to get a nice run and added to mine. This is going to test your nerves so hold tight and gl.
Posted by kliguy38 at 4:47 PM