David Erfle - Gold Market Commentary – Tue 27 Nov, 2018

The Trading Strategy For Tax Loss Selling Season

The Junior Miner Junky David Erfle shares his thoughts on how to trade during tax loss selling season. We also look at the important setups for gold and GDX into the later part of December. Both of the charts are showing a defined pennant formation that will break by right around the Fed meeting. Which way the break comes is a tough call right now.

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  1. On November 27, 2018 at 3:41 pm,
    Marty says:

    Picked up another 5k shares of SILV the last week @$2.22. I’ll take my lumps if it heads lower, but the set up still looks great to retest current highs. This one has bucked the downtrend while the sector is being punished. Ag price going forward will set the tone going forward

  2. On November 28, 2018 at 9:05 am,
    Matthew says:

    Gold turned up from two fork supports…

  3. On November 28, 2018 at 9:09 am,
    Matthew says:

    GDM turned up after filling that 11/15 gap…

  4. On November 28, 2018 at 9:10 am,
    Matthew says:

    SLV turned up at fork support and is now at minor fork resistance…

  5. On November 28, 2018 at 9:15 am,
    Matthew says:

    SILJ:GDX appears to be putting in a double bottom and is very oversold…

  6. On November 28, 2018 at 9:33 am,
    Matthew says:

    The CRB is probably making a low (chart does not yet include today’s action)…

  7. On November 28, 2018 at 9:44 am,
    Matthew says:

    SLV:GLD appears to be bottoming but is getting capped perfectly by fork resistance at the moment…