Since I posted a couple days ago, it feels like a couple weeks have past. This trading into trade wars, missile attacks, tweet storms, impeachment proceedings, etc. has really gotten old. The counter attack by the Iranians last night turned out to be nothing but it cost us some trading capital. This is not normal. We either need to quit trading or assume this is behind us. In between all the chaos most of us have actually made s lot of money.
A couple nights ago, I posted how I felt about gold. If you have forgotten, then you should go back and re-read because we are back in the same place we were when I wrote it. The price of gold (POG) and the 10 DMA are converging just as I thought that it would. We need to be thinking about buying once this happens.
Don't forget that Moore's has a buy date of January 7 to buy gold. Moore's says that gold purchased January 7 and held to February 1 has been successful 13 of the last 15 years.
I had mentioned to a couple people that I thought we would be able to trade some oil an gasoline soon. This is based on some impressive dates by Moore's Research to buy in mid January and hold through late March.
Despite these impressive dates, I just don't believe that this is a good time to buy energy commodities. They are still technically overbought. I think it may take several weeks for this to correct to the point where I will feel comfortable recommending it.
I just cannot bring myself to recommend buying stocks right now, and because stocks are so strong I cannot recommend buying bonds right now either. Oil and gasoline are still too high. Don't be surprised if Friday or Monday you are getting a buy recommendation over WhatsApp.
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