Issue No. 206 – Sat 26 April 2025
We are still eyeing gold soaring to US$4,000 per ounce in mid-June 2025. In the meantime, there will be periodical profit taking.
The present profit taking cycle is the 29-day Moon Cycle (more conveniently called the Monthly Cycle) with severe plunge a few days immediately after New Moon.
Gold falls in 2nd week of Mar 2025, and it falls again in the 1st week of Apr 2025. The coming bearish cycle is in early May 2025 (i.e. gold will fall next week).
To partially avoid gold’s plunge, we have (at close of trading on Fri 25 Apr 2025) bought back 15 KGC call options (6 calls expiring 16 May 2025, and 9 calls expiring 15 Aug 2025). We’ll re-invest our surplus cash of $6,790 in the near future.
+++
No comments:
Post a Comment