Authors Gold Ventures
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Let's look again at the 2005-2008 two parabolic advances in $gold. first, read yesterday's thread if you haven't:
Today i want to look what some major miners did - between the 2 parabolic gold advances: how did they act?
Getting more historic context in the minds, will allow us to navigate calmer the stormy waters ahead, and HOW we want to manage them.
(2)
my basic framework is we will see a parabolic metal top mid 2021, followed by another parabolic metal top early 2023.
Now what did some miners do in a same situation: the 2006-2008 timeframe.
Notice the $GDX was launched exactly a few weeks after the 2006 top 😉
(3)
example 1 of 4 is Barrick
gold lines = 2 gold parabolic tops.
Barrick didn't advance much first, and as such had only a 23% retrace before setting a floor.
Not something you would have wanted to trade.
Even with the 50% gold parabola retrace, the metal floor was $150 higher
example 2 of 4 is Hecla
while Hecla corrected 42%, the correction was very fast in time. The new metal floor made it quickly rise back after.
Something we could have hedged with SLV puts for example.
Silver retraced 38% and traded in tandem with $gold
How high can #gold run during this next intermediate cycle?
— Gold Ventures (@TheLastDegree) January 1, 2021
my current target stands at $2440 by May
targets are not exit points: the combination of a lot of signals/ratio's are. we adapt along the way
(1) https://t.co/QjuekzVzw1
Today i want to look what some major miners did - between the 2 parabolic gold advances: how did they act?
Getting more historic context in the minds, will allow us to navigate calmer the stormy waters ahead, and HOW we want to manage them.
(2)
my basic framework is we will see a parabolic metal top mid 2021, followed by another parabolic metal top early 2023.
Now what did some miners do in a same situation: the 2006-2008 timeframe.
Notice the $GDX was launched exactly a few weeks after the 2006 top 😉
(3)
example 1 of 4 is Barrick
gold lines = 2 gold parabolic tops.
Barrick didn't advance much first, and as such had only a 23% retrace before setting a floor.
Not something you would have wanted to trade.
Even with the 50% gold parabola retrace, the metal floor was $150 higher
example 2 of 4 is Hecla
while Hecla corrected 42%, the correction was very fast in time. The new metal floor made it quickly rise back after.
Something we could have hedged with SLV puts for example.
Silver retraced 38% and traded in tandem with $gold