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Sean HymanSean Hyman
Keymaster
Post count: 3300

No, we sold GLD well into wave 3. Our strategy has always been to peel profits off in layers, as it concerns metals, since we knew its practically impossible to catch tops in metals due to their parabolic nature.

So we the way we tackled it was to peel off outsized gains in GDX, then nice gains toward the latter phase of wave 3 in GLD, while holding SLV and PPLT for longer and eventually peel them off too.

That way, we lessen risks as the rally goes parabolic while ensuring some amazing profits on these defensive assets, while awaiting some profits on some of our other more offensive positions.

So the lower risk way to sell coins would be to sell half of them toward the end of wave 3 (which we could be nearing) and selling the rest in the latter stages of wave 5. The more aggressive way is to hold out well into wave 5, but that does assume my wave counts are spot on and there’s no error at all in those. Additionally, wave 4 could be sideways or a 3-wave pullback. If its a 3-wave pullback, that pullback could be very deep % wise.

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