Posted by jcomptonod on 18th of Apr 2013 at 09:50 am
This isn't a great answer and you may totally disagree ... but
when we were all watching gold moving parabolic to 1800 it seemed
pretty obvious what was next to come. When these things end-
they can end badly and it takes a while to find an equilibrium or
fair price and both extremes in price can be tested during the
process. Our job is not to care why they do what they do,
only to try to follow what is really happening and ignore the
noise.
agree - too many folks focus on news articles, and especially
conspiracies in gold - just focus on the charts and price action
and TA - you can't get a trigger for a buy or sell signal on that
stuff, but with TA and charts you can and that's all that matters.
Like if there is a conspiracy from the world governments to
short gold, or there isn't any gold in Fort Knox, etc, how does
that give me a buy or sell trigger an help with timing my entries?
It doesn't, it's just noise and can actually hurt by clouding
my judgement and giving me a bias where I would ignore what is
right in front of me, which is the chart!
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This isn't a great answer
Demand for physical gold is frenzied....
Posted by jcomptonod on 18th of Apr 2013 at 09:50 am
This isn't a great answer and you may totally disagree ... but when we were all watching gold moving parabolic to 1800 it seemed pretty obvious what was next to come. When these things end- they can end badly and it takes a while to find an equilibrium or fair price and both extremes in price can be tested during the process. Our job is not to care why they do what they do, only to try to follow what is really happening and ignore the noise.
agree - too many folks
Posted by matt on 18th of Apr 2013 at 09:58 am
agree - too many folks focus on news articles, and especially conspiracies in gold - just focus on the charts and price action and TA - you can't get a trigger for a buy or sell signal on that stuff, but with TA and charts you can and that's all that matters. Like if there is a conspiracy from the world governments to short gold, or there isn't any gold in Fort Knox, etc, how does that give me a buy or sell trigger an help with timing my entries? It doesn't, it's just noise and can actually hurt by clouding my judgement and giving me a bias where I would ignore what is right in front of me, which is the chart!