I have no immediate intention to buy PMs on an investment basis. I’m very concerned about ALL markets currently. I would feel much better about an investable low once we get into the 4th Q. There will be more support areas set up over the next several weeks. If you believe that PMs are in a powerful bull market, then buying them into weakness, at support areas, when the crowd is freaked out, is an extremely high probability/low risk buying opportunity. Patience is worth millions in markets. I wish it didn’t take me 5 very long years to even grasp that concept and then several more years to respect what its’ significance means to superior performance in markets and importantly – with many, many less losing trades. Wait for YOUR opportunity. Learn what that even means, and then have the confidence to implement it at the appropriate time/price.
So if/when appropriate, I’m looking at adding on to my position in agriculture.And most likely next Spring, I will look to initiate a position in energy. And maybe this Fall, but likely not until next year, return to the general stock market with a long side investment. Right now, there’s no one freaked out about any markets. But that will change. And the morons at the central banks will once again fire up their 454 big block V-8 engines. And coming soon to a theater near you (next year) “Warp Speed Ahead Janet”.
Originally published on One Radio Network
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About
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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