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TFC Commodity Trading Forum

Re: Trades... take a look/ STR

Yes I picked up a bunch of ABX this morning on its 1st pullback. Considered AUY as it has been outperforming but ABX is more diversified with its holdings and has a much higher profile so is less likely to crash on any single negative fundamental. Would like to hold for a nice run up rather than the typical day or swing trade I'm very tired of trading. So I just might allow for a wider stop this time around. And I will add to the position as well I "IF" proven correct. DX does not appear to be holding its breakout which would be bullish for the Gold group if it pulls back. Historically DX does have a strong 1st 1/2 of a calender year and weak latter half consistently in all time frames. But this July/Aug time frame tends to be volatile for the Golds with a low being set for the year as a rule.