The Smart Alecks and wiseguys are coming out of the woodwork on gold now. The brightest of the obsessive price managers are finally seeing the unfavorable (over bullish) sentiment structure ('bout time boyz), finally catching on to the uptrend channel limit and are even theorizing about what will happen to gold in a deflation.
It is good, because the casino crowd must eventually be led out the door by the crystal ball gazers and trading coaches in preparation for the next low risk environment. I know I sound like a bit of a dick, but trend following analysis does not do it for me. The gold miners began to correct 7% ago and were vulnerable well before hand. Big deal, there is a bigger picture in play here.
Hey look, have a good weekend. I am going to go review some John Williams (Shadow Stats) and start thinking newsletter thoughts.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Follow @BiiwiiNFTRH
It is good, because the casino crowd must eventually be led out the door by the crystal ball gazers and trading coaches in preparation for the next low risk environment. I know I sound like a bit of a dick, but trend following analysis does not do it for me. The gold miners began to correct 7% ago and were vulnerable well before hand. Big deal, there is a bigger picture in play here.
Hey look, have a good weekend. I am going to go review some John Williams (Shadow Stats) and start thinking newsletter thoughts.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Follow @BiiwiiNFTRH
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