A few days ago I stopped out of a short miners position, but I'm still expecting an intermediate level decline in PMs. After that decline, it will be a very good time to go long.
I will watch these carefully and may decide to short silver. I think the chance is decent for a consolidation then "one last pop", similar to the 4/13 candle. Then when silver drops, it drops like a rock.
Due to Gold's relative strength in the sector, I believe it is not the ideal short candidate. Maybe it has more geopolitical demand as big countries gradually move to replace the dollar reserve currency.
I will watch these carefully and may decide to short silver. I think the chance is decent for a consolidation then "one last pop", similar to the 4/13 candle. Then when silver drops, it drops like a rock.
Due to Gold's relative strength in the sector, I believe it is not the ideal short candidate. Maybe it has more geopolitical demand as big countries gradually move to replace the dollar reserve currency.
Dagangan aktif
I have bought ZSL at 31.2, stop below 30.Dagangan ditutup secara manual
I took profits on ZSL even though I think silver has more downside. There is just too much uncertainty and potential strength in other parts of the sector (Gold & Miners).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.