Steve Penny, Publisher of The SilverChartist Report, joins us to share a handful of key charts on Gold, Silver, GDX, the US Dollar, and (URNM) the Sprott Uranium Miners ETF. [all charts are posted below so you can follow along]
We also intermix some macro fundamentals and trading strategies into the discussion, and use the very oversold nature of the uranium mining stocks and ugly looking charts to discuss the difference between longer-term value investing as a contrarian investor in fundamentally sound oversold sectors or companies, versus short-term investing with the trend of momentum in a primary uptrend. Steve also discusses the importance of position-sizing, and to aware of sentiment extremes to the upside as well as the downside.
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