Sold and closed my last gold miner holdings. Now completely out of gold miner stocks.
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Dr DT
commented on
Just closed my position in AEM, gold miner. Still holding GDX and NEM
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Just sold and close my VXX position for small profits, approximately 6%.
I believe S&P is still in topping process and may go up to 6100 to 6200 before any significant corrections downwards. Will buy back later for greater volatility and greater profits.
I believe S&P is still in topping process and may go up to 6100 to 6200 before any significant corrections downwards. Will buy back later for greater volatility and greater profits.
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Monday I sold 50% of my CGC holding at 5.788 and yesterday after Trump won the US presidential election and at the same time Florida did not pass the vote on legalizing canobis. CGC price dropped more than 20%. However yesterday 4 states voted and 1 state did pass, which was Alabama. Furthermore, CGC earning call is this Friday PreMarket. I think CGC should be able to move up again. Even Trump won the election, Trump did say he supports the legalization of canobis. So I bought ba...
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Dr DT
commented on
Just bought CELH at 31.1. This is the 3rd time I am in this stock over last few months. The last 2 purchases I was able to go in and out with profits. Trying the 3rd time now. Start with small initial amount so I may either cut loss or DCA for more at a lower price later depends on the situation. Tomorrow is the earning call for CELH PreMarket. I believe the down side is limited at around 30 to 29, but the upside potential is huge at around 45. Will monitor this one and take necce...
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Dr DT OP NoFun : I bought gold miners are just for technical rebound as price of gold fell from high of 2800 straight down to 2535. Now gold price had bounce back to 2700 in just 7 days, I believe gold price will continue to correct down. I expect gold price to correct down to around 2200 then we may see the next cycle of multi year bull run. So can buy back the gold miners at cheaper price later. Also people may start to sell gold and switch to Bitcoin as Bitcoin surpasses 100K and also equity markets as S&P may go up to 6100 to 6200. Just my own opinion and analysis.