*I made a couple of purchases today. One had an excellent technical setup, and the other I was just playing an optimistic hunch.*Here is Bullion Monarch Mining Inc (BULM) which I bought because it had all the ingredients of a successful trade. True Strength Index (TSI) and Money Flow Index (MFI) trend line breaks, a positive divergence between a flat price and a rising TSI and a ZERO crossover. *Click on any chart to ENLARGE
*My hunch is that Gold and Silver are getting so oversold that the current meltdown cannot continue much longer without at least a bounce. With that in mind, I bought some Global X Silver Miners ETF (SIL), not because there was a buy signal, but because I think a position now has good odds of becoming profitable relatively soon. *Here is a chart of $GOLD, and another of $SILVER. The RSI (3), which measures on a very short term basis how relatively oversold something is, reveals this sell-off has pushed things about as far as is likely without some kind of a bounce. Fingers crossed.
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Terimakasih anda telah membaca artikel tentang Bought BULM $1.04 and SIL $23.05. $Gold/$Silver Oversold. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://econominws.blogspot.com/2010/11/bought-bulm-104-and-sil-2305-goldsilver.html. Terimakasih atas perhatiannya.