GV Updated View

    Posted by steve on 4th of Aug 2020 at 12:12 pm

    GV - Chart Link

    Quick note - GV is

    Posted by steve on 4th of Aug 2020 at 12:29 pm

    Quick note - GV is NOT a precious metal stock in anyway.  Do your homework and trade YOUR plan - they report this week 

    GFI is symbol for Gold

    Posted by ridgetopab on 4th of Aug 2020 at 01:45 pm

    GFI is symbol for Gold fields ADRs on NYSE South African Gold Miner

    GV is Electrical Infrastructure Company - might be good long term buy :)

    LOL yeah exactly. but regardless

    Posted by matt on 4th of Aug 2020 at 12:35 pm

    LOL yeah exactly. but regardless my other comments apply just the same. trade your plan, not everyone has the same time frame methodology

    i thought you guys were

    Posted by imelhoe on 4th of Aug 2020 at 12:14 pm

    i thought you guys were saying to sell out of our gold holdings or urging us to take profits  ; you still thinking.  going any higher or still expecting strong pullback? basically what is trend mid term? i just sold out of gv

    again my comments for gold/silver

    Posted by matt on 4th of Aug 2020 at 12:27 pm

    again my comments for gold/silver stocks is to trade them to your plan. As I've said many times, if you bought swing positions a really great prices months ago and you just want to hold them with wide stops as you have a lot of room that's fine, nothing wrong with that.  If you bought them recently for trades, well then manage them to that time frame.  It depends on your plan, what you are doing. I personally think if you bought into them recently you have higher risk because your entries, but if you bought them months ago then your profits are great and you can give them room. That's why there's no one answer here guys.

    also maybe one suggestion if you bought them months ago and wish to hold them, you can generate some cash by selling covered calls on them. 

    GV that Steve posted was a recent setup, so he's commenting about the recent trade setup.  many of them like PAAS which triggered out of the coil we showed a month ago, that's different chart. same with HMY that more than doubled from our setup.  GV just recently triggered out of that consolidation

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!