Which way? Gold.
- Thread starter themickey
- Start date
This month January has been diabolical!
The first day of the month began well, had all the signs of a breakout, then Jan 8 a large smackdown to wreck everything.
Gold is a bastard to trade, very difficult, I'd say it was highly likely manipulated extensively.
In actual fact I've resolved in my mind, I'm going to pack it in with gold trading going forward, there are huge amounts of other choices which are more easily to trade.
Anyways, atm still holding my longs and still bullish but when I'm out - "gold go fuck yourself!"
Pretty fuckin average.
The first day of the month began well, had all the signs of a breakout, then Jan 8 a large smackdown to wreck everything.
Gold is a bastard to trade, very difficult, I'd say it was highly likely manipulated extensively.
In actual fact I've resolved in my mind, I'm going to pack it in with gold trading going forward, there are huge amounts of other choices which are more easily to trade.
Anyways, atm still holding my longs and still bullish but when I'm out - "gold go fuck yourself!"
Pretty fuckin average.
Not necessarily, during summer of last year we saw an unprecedented increase in the price of gold parallelly the stock market. Don't me wrong theoretically it makes no sense but theory doesn't seem to hold much precedence these days
It makes sense from a cyclical bull in commodities that often occurs in economic recoveries. 2009-2011 could repeat if Covid gets under control as expected this year. An even more reliable area is the miners; bull cycles in mining stocks are quite predictable if you ride out the choppiness. I suspect next earnings reports will be a new catalyst.
The sun always comes up again.
Prolly about the bottom here, buyers market now, not sellers imo, not a good idea to sell imo.
Watch for buying signs on close today.
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