It’s been a fun morning so far. I had the kind of trading I love, which is to move from position to position, tighten up the stop where necessary, and move on to the next one. Most of my shorts are down, and my long positions (precious metals) are doing great.
Gold has completed the triangle I’ve been yammering on about endlessly, which is a tremendous victory. On to lifetime highs, folks!
Palladium burned off part of its 4% gain from yesterday, but it’s still up about 2.36% right now, which is just fine and dandy.
My view is that the percentage gains from palladium will be far better than those from gold, even though precious metals in general should do magnificently for many months, if not years, to come.
Precious good.
Stocks bad.
Onward.
