GOLD - SHORT; SELL it!

Feb 7, 2021

At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not;

1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.

The Gold / Silver Ratio

Feb 7, 2021

Note

Here is the old post;

Have been short gold for the past $180. Worked out well!

Feb 7, 2021

Note

Here is the Gold / Silver Ratio Weekly

Feb 10, 2021

Trade closed manually

FLAT - for now; $0.0 (Scratch)

Going nowhere fast, here. We'll be back at it.

Feb 11, 2021

Trade active

SHORT

Short for now. But...

Feb 13, 2021

Trade closed: target reached

FLAT; +$31.00

Feb 13, 2021

Note

This is indicating indecision here! (The G.S. shows Up, everything else calls for a dump!)
We'll wait for the weekly open and at the first sign of weakness, will Short this something fierce!
Incidentally, The SMI sentiment in the PMIs indicates a top in the equities, E.g. a bottom in the UD. Which will make this a Short for quite some time to come!

Feb 15, 2021

Trade active

SHORT

Feb 16, 2021

Trade closed manually

FLAT; -$3.00

Feb 16, 2021

Trade closed: target reached

FLAT - for now; +$24

Feb 16, 2021

Note

The only reason we closed out the Gold Shorts, here, is because of a large Short position in silver, being the primary PM trade. See thi post;

Otherwise, stay SHORT! - in no small part because of this;

Feb 18, 2021

Trade active

SHORT

Feb 25, 2021

Trade closed manually

FLAT; -4.00

Feb 25, 2021

Trade active

LONG

Feb 26, 2021

Note

Mar 6, 2021

Order cancelled

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