My thesis has been that we are about to enter a multi year hard asset bull market. #gold and #bitcoin playable. The bitcoin community has often treated the gold community as an enemy. This should be avoided. The #gold bull market will transition more investors to #bitcoin as people understand the role of hard money in a portfolio and the superior characteristics of bitcoin compared to gold.
My rule for trading commodities:
1. Commodity leads (we are already seeing this in BTC and Gold)
2. Find the key market leaders. For gold in Australia these are BGL and DEG. Larger names include RMS
3. Incentives increase for miners with broad participation in the bull market (GDX and GDXJ in gold and bitcoin minors) still have a lot of right side building on their charts. The miners time will come.
4. Broad retail participation in Gold speculative stocks and spot price leading to price climax.
My rule is to always buy commodities on pullbacks not strength like momentum names. The 20 and 50 day are your best friend.
This will be a once in a generation bull. Sit back, enjoy, learn and be humble.
elliot
npub145…ynrde
2023-04-16 05:15:15
Author Public Key
npub145jm750qx24ua9mehcvgvgf6423m0rajkw93xz54jxqnu3pkzk3qlynrdePublished at
2023-04-16 05:15:15Event JSON
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"content": "My thesis has been that we are about to enter a multi year hard asset bull market. #gold and #bitcoin playable. The bitcoin community has often treated the gold community as an enemy. This should be avoided. The #gold bull market will transition more investors to #bitcoin as people understand the role of hard money in a portfolio and the superior characteristics of bitcoin compared to gold.\n\nMy rule for trading commodities:\n\n1. Commodity leads (we are already seeing this in BTC and Gold)\n\n2. Find the key market leaders. For gold in Australia these are BGL and DEG. Larger names include RMS\n\n3. Incentives increase for miners with broad participation in the bull market (GDX and GDXJ in gold and bitcoin minors) still have a lot of right side building on their charts. The miners time will come.\n\n4. Broad retail participation in Gold speculative stocks and spot price leading to price climax.\n\nMy rule is to always buy commodities on pullbacks not strength like momentum names. The 20 and 50 day are your best friend.\n\nThis will be a once in a generation bull. Sit back, enjoy, learn and be humble.",
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