Short Term Trading - Weekend Lounge:13 -15 Apr, page-21

My question for you is Cabbie: Seeing as most pundits by far who day trade lose money, what makes you think you are an exception? You or AnneWilson?

Here is my take on the long term situation:
Last night seen the DOW touch and bounce back from it's 4th touch on a resistance line since it's all time high.
The price is now trapped between this and a double bottom. If the price cant break through resistance but instead penetrates it's double bottom then IMO the bull market will probably be over.

Having a look at the gold price, I see base building from 22/1/2018 to yesterday. (bullish) It has formed a double top and a triple bottom in this time although the triple bottom penetrated the line intraday.once. Not a big deal.

Some producers worth considering are MOY and SBM I particularly like SBM because during this base building process the price has moved forward. Because of the inverse correlation of the DOW and gold, it's probably prudent to wait and see if the double top can be penetrated. Or else a penetration of the DOWs double bottom.
SBM seems to be more "Federal" Reserve proof than most gold stocks. i.e. when they send their Principal Dealer (partner in crime) JP Morgan Chase, to the futures markets to bring PMs down, it is more resilient and any losses are usually quickly regained.
BTW the gold/silver ratio is around 80:1 now which means silver very oversold. There are no silver stocks in Australia though. It is mined here as a byproduct of copper, lead, zinc and gold.

Irrespective of what you do it's best not to get greedy. This brings a lot of "investors" undone. One of the worst ways to get greedy is to day trade. Check that out on Google if you don't believe me.