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Good Contrarian Indicator?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Good Contrarian Indicator?

Postby beauanderos » Fri Jan 15, 2016 6:56 am

http://jlfmi.tumblr.com/post/137312573020/gold-stocks-hit-lowest-levels-ever :shifty:
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Re: Good Contrarian Indicator?

Postby neilgin1 » Fri Jan 15, 2016 7:26 am



Happy New Year OB...........a-yup...sure is....batten the hatches, and you be safe, your YB.
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Re: Good Contrarian Indicator?

Postby Cu Penny Hoarder » Fri Jan 15, 2016 8:28 am

One day these spikes in PM prices are going to hold. I just keep accumulating phyz when the price gets slammed. It's really all there is to do. I would stay far away from PM/mining stocks, no matter how cheap they seem to be.
Time is precious, stop wasting it.
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Re: Good Contrarian Indicator?

Postby beauanderos » Fri Jan 15, 2016 8:42 am

Cu Penny Hoarder wrote: I would stay far away from PM/mining stocks, no matter how cheap they seem to be.

Since I can't do much in the way of meaningful trading within my measly 401K, I play the gold miners with NUGT and DUST.
Whenever there is a significant spike upwards (15 to 30% over the course of a few days) I will sell my NUGT and buy DUST. Wait
a few days for "them" to pull gold spot down, and then sell the DUST and reposition into NUGT. Started December with 19
shares of NUGT and have built that up to 120 after about five round trips as described above. Playing the volatility, since you know
any spike will get hammered back down again.
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