RE: Bottom? Ok one more post.. not sure I should be telling you guys about this because the more people who know about it the less it is likely to work.. but I suppose it makes a point that you don't have to be a 'pro' to know! lol..
I posted on here about buying a PM stock on the LSE (LondonSE) AFTER the PM sector had started its little run about a month ago.. I bought this stock at a 30 month low after CAD PM stocks had already made good gains .. it then went up 12% reaching a high YESTERDAY.. It traded around that high ALL DAY yesterday while gold was getting slaughtered along with CAD PM stocks.. this gave me plenty of time to get out with a 12% profit.. today it has gapped down 12%.. right back to square one!
Did I hear someone say no brainer!..
Ok if you live on the west side of the pond you will have to either stay up very late or get up very early but only very occasionaly.. the thing is it like having an early warning.. simply by watching the CAD PM sector you get as much as a day or two to make your trades.. So instead of chasing a stock in Canada you just pop over the pond and buy one in London.. and then when something like yesterday happens you get time to sell right at the top.. 'simples' as we say over here.. and how much better is that than trying to figure out when to buy and sell BEFORE it happens?
I should add that I'm not giving away the name of the stock I trade on the LSE and it may not be the same with all the PM stocks over here in the UK but surely worth looking into no?
Share ideas!!