Headline - November 17th Opportunity
This week begins a start of Seasonal strength for one of my favourite commodities - Gold. We are already in an established commodity bull market since 2000.
We used our seasonal trending software to enter the oil trade back in February for a very successful trade. While February remains the seasonally strong time of year for NG & Oil. November to December is the most seasonally strong time for Gold.
The accuracy of entering this trade on November 17th and exiting on December 2nd is 54.3% dating back to 1975. However since 2000 every year has been a winning year.
With seasonality and all things the way they are. I see this as the greatest trade of the year.
There are many ways of playing this Gold trend. The GLD ETF is probably the easiest. If you are looking for leverage then Spot trading using a Forex broker or a Spread betting broker is an option. There are also futures options and GLD ETF options for those looking to take on additional risk. For those starting out I recommend the GLD ETF. Silver tends to move after Gold moves so you may do well buying some of our Silver investments in our portfloio too.
Our Cocoa trade (CC) has fallen about 1% from our entry point of 2558 so it is still a buy in our portfolio as we enter seasonal strength.
We continue to hold our Short Bond Option TBT with the December expiry. December is a seasonally strong time for Equities and a seasonally weak time for bonds. I will write a little more on bonds in the coming weeks.
Our current stock portfolio is here with the new stocks we added last week...
May you all have a Golden Season again this year.
"Whatever happens commodities win"
Best,
Robert McManus
No comments:
Post a Comment