And as any trader worth his salt knows, timing is everything. Being right too soon is the same thing as being wrong, so whether or not your macro call pans out in the long run, you have failed.
The ironic thing is I agree with you that gold is destined to move lower in the macro picture due to deflationary forces that are still looming large over the next couple years. However, I would never be so foolish as to presume to know exactly at what price that turn may come, or by what specific date, both of which are basic newbie mistakes that you made here.
