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Gold's been downward for a month, did you enjoy the $16 reversal...

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Ophir

11,173 Posts.

51

04/08/18

18:06

Post #: 34722980
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Originally posted by Dr.Who ↑

I'd agree with that "... only interested in price".

I think gold, more than most other assets, is too difficult to analyse fundamentally. There seems to be counterarguments for any attempt to rationalise its movements. Currently it is moving virtually 1:1 opposite with $US but that correlation can quickly change for no apparent reason.

When interested in gold there is a need to be nimble and unemotional more than any other asset. If directional momentum is clearly strong, don't fight it. Whereas a stock (or major index) oversold can quickly recover, and hence it's wise to just hold, I don't think that applies to gold. There is real potential for gold to go on a prolonged upward or downward trend.

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Gold's been downward for a month, did you enjoy the $16 reversal today as much as I did? Buckle up for a ride on a Ferrari imo
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0 Great analysis

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