Gold: Breakdown Is Far From Over
2023.07.07 03:45
Well thank God for . My self-confidence as a trader had reached unprecedented depths, but in spite of that, I put my best idea forward into GDX (NYSE:) puts. In just two days, I’m up 42% on them (and, keep in mind, I do NOT do aggressive positions). Gold’s breakdown is far from over, I think.
GLD Price Chart
The GDX chart was picture-perfect. If this hadn’t worked out, I was ready to hang it all up. With all the distortion and warping that disgusting pig Janet Yellen and her co-conspirator Jerome Fucking Powell have caused ,it’s difficult to have faith in ANY idea working anymore. Mercifully, it worked out. Oh, and I hope Janet Yellen dies a slow death. Just sayin’.
GDX Price Chart
Incidentally, I neglected to mention I also bought XLE (NYSE:) (energy) puts which are doing OK too, up 19%.
XLE Chart
It’s enough to make me celebrate with my parents in a whirling dervish.
