Mining Sector Ideas

[gfp927z]

Gold closing in on 2900. Looking at GLD, it's near term overbought (RSI 73), so could get a consolidation, but then get a second wind to get through 2900 (?) That's what happened last year ~ March / April, with a breakout move up, a pause to consolidate, and then another strong move up.

Fwiw, on the stock side I'm back up to 16% (from 10%). So 'buying the dip', although it might still have further to dip next week, down to test the 50 MA (?) Tough to say, but my working hypothesis is that the market starts to regain some buoyancy in the months ahead as Wall St gets more used to the new Trump paradigm. Anxiety should rise again approaching the early March tariff deadline, but after that the bias 'should' be modestly to the upside. Just a guess though.

Btw, I lowered the max allowable in stocks down to 20% from 25%, figuring there's no sense getting too deep into short term trading. Instead of keeping the excess in the $ market, I moved it into the 3 year Treasury bond ladder, which reduces its availability for trading. As the old saying goes - 'The more you trade, the more you lose', so no sense tempting fate too much.



---