Accumulation is one of the most powerful tools to give us confidence of a sustainable uptrend. Gold is in a bull market, as is the stock market. They both have powerful accumulation areas. The accumulation area in gold is much, much more recent. On 12/9/17, I believed the secular low in gold, and especially the miners was at hand. I never buy gold into strength, my last buy was on “Jobs Day” July 7th at $1214. People freak out, and don’t act, at the best buying opportunities in gold, like on Jobs Days and then they get too bullish after the big rallies. As far as the stock market, is this a good long-term buy area? No, it’s lousy. But gold, the miners, and the stock market will be tied at the hip in 2018 and beyond.
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Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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