RE:RE:RE:Gold Up again and TGZ down, again!SGCGRIMREAPER wrote: Laurel - After reading Mercedes posts about himself, I felt I heard of him before.
It then hit me!
https://www.youtube.com/watch?v=Q2l4bz1FT8U
I will say that I’m faster than your speeding BS.
dont believe me ?
Let’s check the SH record shall we. Here I’ll help you…
MM Posted on the TGZ SH board…
June 2018
(The month when TGZ traded $ 5.49 - $ 4.69)
“It's had a 7 month run where it's up 230%. It's simply time for profit taking. RSI has been declining, MACD has been declining of late, OBV at lofty heights (overbought). The lesson here is take your profits on the way up using a disciplined selling approach. No one ever went broke taking a profit. I have about 20 % of my position left. Will hold those and look to average up/reload in the high $3's or low $4's. If the selling is prolonged, I will save some powder in case it falls to the $ 3.40 - $ 3.50 range (a 2/3rds of the run giveback
August 2018
(when TGZ traded 4.39 to $ 4.10)
“next target for more accumulation is $ 3.25-$3.35.”
Pretty much my only posts on the subject. Except for advising everyone re the 5 year repeating pattern. Rebought a full position $ 3.25 to $ 3.58.
To put it on the line again....
Next exit point for TGZ will be decided once Gold hits $ 1375ish (by then expecting TGZ to be $ 4.75 to over $5). If gold looks overbought and retreats we sell and start the process again. If gold goes through $ 1400, we re-buy what we sold if any (around gold $ 1375) …cuz from there - it’s up, up and away ! Even ask PG. Simple.