How to invest in an early stage bull market like the PMs

July 22, 2019

Chris Temple recently wrote to his subscribers that he thinks the precious metals and stocks will have a little pullback in the near term. This comment got us on the topic of how to trade a market like the PMs which seems to be in an early stage bull market. We also look ahead to the major drivers over the next two weeks of the ECB and Fed meeting. Watch how the currencies react most closely.

Click here to visit Chris’s site and follow along with his model portfolios.

    Jul 22, 2019 22:10 AM

    thx chris/cory

    Jul 22, 2019 22:21 AM

    Gold is fine…………

    Jul 22, 2019 22:46 AM

    /GC…daily gold for my 2 cents….7th wave up with RSI(14) divergence…Confirmed the wave 6 hanging man reversal candle on wave 7 reversal…Initial TAS support at 1421 plus OUL at 1432…Gold must break 1392 TAS profile bottom for the 1336.60 Tom Demark support trend line support to become the next target…If that level fails next target is 1280.5 initial Tom Demark breakout bar…..Just an opinion…I think 1225 on weekly is the actual buy!..It eventually gets tested

      Jul 22, 2019 22:11 AM

      I’ll stick my neck out a tiny bit and predict that 1225 never comes close to getting tested.

        Jul 22, 2019 22:54 AM

        I’d be surprised if 1300 is broken.

          Jul 22, 2019 22:04 PM


          Jul 22, 2019 22:11 PM

          Me too. The action is better than most people think so a very deep correction will probably have to start from a much higher level. It is for good reason that most who attempt to actively trade a bull market become roadkill.
          Obviously, profit-taking and/or rebalancing along the way is wise.

        Jul 22, 2019 22:28 PM

        Look at this stage I gotta agree with you Matthew. If it were to happen however, that would be one depressing bull-trap for the PMs.

    Jul 22, 2019 22:21 AM

    /GC…topping signals on weekly…AB=CD completed…Tom Demark sequential 9 count this weekly…of course 2 daily closes over 1434 monthly resistance is very bullish

    Jul 22, 2019 22:41 AM

    GDX is doing the definition of a light volume retest right now….Market makers are done tomorrow hedging their exposure…The short is now or tomorrow…so i go half short…i wish me some luck!

    Jul 22, 2019 22:29 PM

    Matthew – What do you think of today’s action in Impact? It topped the 30 cent high in ISVLF. I have already taken some profits, but thinking about taking some more and re-allocating.

    Jul 22, 2019 22:09 PM

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    Jul 22, 2019 22:09 PM

    Thanks Matthew. I will sit tight for a while and enjoy the ride. You have got to love Andrews Pitchforks. I wish that was a technical tool my broker supported.

    Jul 22, 2019 22:07 PM

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    Jul 22, 2019 22:22 PM

    near tops make your stops 1.278 of the average true range added to the closing price…Then no worries at all…normal stops are 1.618….