all of my longs are red, all of my shorts are red... something gotta give. this day ain't normal. i'm saying the top is in and we head lower from here. so, you'll probably want to go long everything
It's been a wonky day, big drop had me selling cannabis stocks after nice gap up, and reloading inverses. Then upside mean reversion bounce, wtf. Frustrating a bit, I'm going mostly cash eod. Will reload cannabis especially SNDL ACB TLRY and inverses UVXY SQQQ tomorrow for those that do 2day highs.
Almost every single energy play I have is up today, some 12%. Buy Kinross now it's a high probability play.
i like the kinross call. i've been looking at GDX but I'm not sure we're at the inflection point yet.
I prefer buying the miners close to their earnings dates this quarter reduces the overnight metal price risk. However, most gold miners have pretty much ignored the fact Gold has been creeping up all week which is unusual ( New Gold even dropped this week ). I suspect on the TSX most of the speculative buyers are too busy buying hot energy plays instead.