sbaxman, As a loooong term swing trader, I really appreciate
many of the charts that you post.
This is a similar snapshot, $XAU:$SPX. Although the miners have
enjoyed a great run this year and are now getting overbought, I
really like the long term look for swing traders.
Thanks, 3putt. I, too, am a long term swing trader and have
gotten burned by waiting for a "good" correction in the miners. I
have a small position, but it looks like the long term outlook is
very good. In a bull market, you can miss a lot of opportunities by
waiting for the perfect set up! Thanks!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
sbaxman, As a loooong term
HUI INDEX
Posted by 3putt on 6th of Jul 2016 at 05:07 pm
sbaxman, As a loooong term swing trader, I really appreciate many of the charts that you post.
This is a similar snapshot, $XAU:$SPX. Although the miners have enjoyed a great run this year and are now getting overbought, I really like the long term look for swing traders.
Very Helpful Post
Posted by mdgfain on 6th of Jul 2016 at 05:18 pm
Thanks, 3putt. I, too, am a long term swing trader and have gotten burned by waiting for a "good" correction in the miners. I have a small position, but it looks like the long term outlook is very good. In a bull market, you can miss a lot of opportunities by waiting for the perfect set up! Thanks!