By Otto Rock of IKN
Part of the intro from IN378, out on Sunday:
You can frame the following in all sorts of ways, but as its essence is simple I’m going to keep it simple, too: WE ARE IN A BULL MARKET, we’re a thousand miles away from the mentality at the start of 2016, so do not fear market corrections. Friday was an opportunity to buy a dip, it won’t be the last one either. Therefore…
1) If you’re smarter than I at trading then trade away, sell the top of the channels and buy at the bottoms. Knock yourself out for fun and profit.
2) If you’re like me hold those longer-term positions with confidence, don’t sweat the bumps, maybe add to the ones you’re looking to add.
Friday was a correction day and brought gold back under the U$1,350/oz level (which broke last week rght on cue and kept my evolving script in good shape, gosh aren’t we all rocket scientists these days), I have no idea whether the correction was of the 24 hour variety or whether the lag will continue into tomorrow Monday. I doesn’t really matter much, gold’s going to be higher at the end of the year than it is now.Subscribe to NFTRH Premium for your 50-70 page weekly report (don't worry, lots of graphical content!), interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).