Below is the quiz of yesterday (see post here). Yesterday I mentioned an opportunity was at hand and since the action has been sizable, I wanted to get the answer out a day early.
Thanks again for all of the great responses from around the world. Because of a “small trick” I did to the chart, most struggled with it. See quiz from yesterday directly below.
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The chart above was of GLD, inverted/turned upside down. See left chart below for the actual way it looked and what action I suggested to people yesterday that sent me an email.
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“Trading the range” (buy on support/harvest at resistance) has worked really well in GLD for over a year. With GLD pushing up against channel resistance the suggestion was to “harvest gains in GLD!”
Last week the chart below was sent to premium members, reflecting that Silver had reached a level of out performance rarely seen in the past 30 years!
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Premium Members picked up ZSL last week due to the above chart, creating a market neutral spread trade….since Silver had reached a “relative strength level“ not seen many times in the past 30 years!
