Patrick Karim has been a proprietary capital manager and chart trader since 2006. With a background in commerce and psychology, Patrick has an ongoing career in systems engineering. Patrick’s analytical mind helps him excel at achieving a methodical approach to evaluating trading scenarios. The psychology background helps Patrick understand well the human factor; overcoming stress, which is mostly responsible for maintaining a successful career.
In this podcast episode, Patrick talks on technical charts and explains what support/resistance levels (i.e. 50 day moving averages). Patrick discusses how his background in psychology has given him a competitive edge when performing technical analysis. More importantly, it helps him when making investment decisions.
Patrick speaks on the macro indicators that he pays attention to when analyzing the markets. Patrick comments on Basel lll, specifically discussing Alasdair Macleod from GoldMoney research. Patrick gives his opinion on the relationship of the US dollar market to the Gold and Silver in the near-term. Based on the chart patterns, he does believe that precious metals will make its next breakout before the end of 2021. If there is a market adjustment or crash in the next year, Patrick explains how this will affect the precious metals.
Patrick talks on why he highly respects The Gold Ventures (GV) and shares why he admires so much his portfolio called "The Silver Sitfolio". He believes it will continue to perform extremely well this year. Patrick shares his philosophy on investing between mining producers, mid-tiers, and junior miners in the silver space. Lastly, Patrick gives his top stock pick recommendations for 2021.
Podcast Host: Ben Mumme
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Connect with Patrick on Twitter (https://twitter.com/badcharts1), subscribe to his YouTube channel (shorturl.at/sAJKS), and check out his website (https://www.northstarbadcharts.com/).
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