This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Quite a difference in Oil performance vs Gold today...Both have seen weakness lately due to strong $USD...I had believed that $90 price would be a good target to try going long Oil... Question is does the rally have legs or do they want cheap Oil going into to the US elections ...
These 3x EFTs are very bad for buy and hold strategies. Time is their enemies. For short term may be ok but then too volatile. I was burned once so I don't use them.
thanks for the update, I find gold is always the best play - NUGT, DUST
ReplyDeleteQuite a difference in Oil performance vs Gold today...Both have seen weakness lately due to strong $USD...I had believed that $90 price would be a good target to try going long Oil... Question is does the rally have legs or do they want cheap Oil going into to the US elections ...
ReplyDeletePosted on Gold and Oil on Twitter today.
ReplyDeleteThese 3x EFTs are very bad for buy and hold strategies. Time is their enemies. For short term may be ok but then too volatile. I was burned once so I don't use them.
ReplyDelete