I am surprised by the strength of the gold stocks really. My GDX trade end up in 8% profits but the stupid thing is that on exchange rates i gave back nearly 4%!
However, we see an inverted hammer from friday’s close. RSI looks overbought. we will hope that it retreats back to the 39 dollars region which will be a good entry point for me.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
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