Hello Eoin, I suggest that in today’s video you specify how close in terms of price and timing you believe we are away from the optimal opportunity to buy (again) gold, silver and miners. Thank you! All the best.
Eoin, is there any particular reason why your most recent trades have fallen off of the daily commentary? Until very recently we were able to keep track of your last trades, even if some were a little dated. This has stopped now, and don't know whether it's an error or change in tack.
On precious metals, you exited Gold and Silver but stuck with the underlying stocks which are being heavily sold off today after an already bruising month (I am involved in them too). What is the rationale for that knowing the stocks are leveraged plays on the metals? Finally, at which point do you intend to step back into Gold and Silver with Silver already having sold off by nearly 30% from the peak at 30 dollars.
One of the most important attributes to understand about trading gold is its volatility. It tends to overshoot on both the upside and downside. That leads to a very emotional response from traders and investors. As prices rise, they become conditioned to expect the trend to continue and accelerate purchases. However, when prices decline, faith is tested and the overly aggressive purchase program is demonstrated to have been incorrect. That leads to a lot of questioning and doubt creeping in.Click HERE to subscribe to Fuller Treacy Money Back to top