The Trading Strategy For Tax Loss Selling Season

November 27, 2018

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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    Nov 27, 2018 27:41 PM

    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

    Nov 28, 2018 28:05 AM

    Gold turned up from two fork supports…

    Nov 28, 2018 28:09 AM

    GDM turned up after filling that 11/15 gap…

    Nov 28, 2018 28:10 AM

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

    Nov 28, 2018 28:15 AM

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

    Nov 28, 2018 28:33 AM

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

    Nov 28, 2018 28:44 AM

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