Buy KOLD 2X short on natural gas
Just bought KOLD as natural gas haa retraced up to it’s resistance level and is about to progress on its MA patern which should be heading down soon so KOLD price should go up.
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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Dr DT OP : Forgot to mention I bought at 6.64 just for your reference. Only bought a small amount as I am not sure if rate cut tomorrow will push natural gas higher or not. So a bit conservative buy for now.
Dr DT OP : KOLD moving up much faster than I expected. Just topped up my position. Average entry price increased to 67.3 from 66.64
Nimble Trader Dr DT OP : oops