Happy Friday! The local bars can’t open early enough.
After a week filled with tremendous volatility and huge moves – both up and down – let’s take a break from my monotone droning on the stock market and see what’s in the mailbag…
Somewhat surprisingly, a few folks wanted to know about gold…
What the heck is going on with gold stocks? I am about to give up forever on them and throw in the towel, never to look at them ever again! Is this a sign of a bottom? Or is the traditional market dynamic in gold stocks a long-gone, old-fashioned theory?
– Jalal
Hi Jalal. Thanks for your question.
I love trading gold stocks – mostly because they are enormously volatile and subject to extreme moves, higher and lower.
Gold stock traders are a highly emotional bunch. That’s typical of folks who are constantly looking out for the end of the world. I mean no disrespect with that comment. Indeed, I’m one of those folks. But after 35 years of trading, I’m also very aware of how my emotions affect my trading.
The world has been cruel to gold stocks lately. And most of my gold bug friends have sworn off ever trading the sector. They’ve thrown in the towel.
History tells me this is a sign that we’re closer to a bottom for the gold sector than on the cusp of a major decline.
One of my predictions for 2018 is for a major gold stock rally. So, I expect most gold stocks will finish the year higher than where they are now. I like the idea of buying the gold stocks on weakness.
But, if you read the comment from this next reader, you might question following my advice…
Jeff, you are just consistently awful going back to your ill-fated days at [your previous publisher]. Do all these people a favor and just go trade for yourself.
– Anonymous
Dear Anonymous, thank you for keeping me humble.
You know, in any given year I write maybe 300-320 articles about the financial markets. Most of them involve my projection on where I think a certain asset price may go. Sometimes I get it right. Sometimes not. But I’ll always give it my BEST shot. In the grand scheme of things, though, my writings are insignificant.
You can choose for yourself whether to read my comments or not. For your sake, I sincerely hope you find peace with whatever is making your life miserable. To the extent that my writing is contributing to that situation, then I invite you to stop reading. I wish you the best.
Here’s an email from someone who thinks differently – and actually signed his name…
I have never traded E-minis or options before reading you. I always only traded stocks. Delta Report really helped me make the leap. A friend and fellow reader told me “you really need to read Jeff, you will love it”. And she was right! Thanks!
– Brian
Thanks Brian. I’m glad you’re enjoying and profiting from your subscription.
Have a great weekend, everyone!
Best regards and good trading,
Jeff Clark
P.S. Like you saw today, you can’t please all of the people all of the time. But if you ask a certain group of people – who averaged an 79% win rate and earned 202% annualized last year – they’ll say you can please some of them most of the time.
You can learn how to join them right here.