This market has now taken out some pretty serious support, but now is essentially “too over sold to short”.
With the election looming – it would not be advised to make any large scale trades/investments or decisions as……no one wins come November 8th.
Gold miners bought weeks ago looking great as “king dollar” takes the expected pounding. No rate hike and two nut bars looking to take over the country. How could you possibly consider a “bullish” angle – short of a “pop” and then “ominous drop”?
I’m adding short USD and holding my Gold…..now eyeing “short Canadian housing” as the next big win. Currently researching the best way to hit it.
More on that soon.