GOLD 0.51% $1,391.7 gold futures

I never said I was a market pro. The tools I use are simplistic...

  1. 41,000 Posts.
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    I never said I was a market pro.

    The tools I use are simplistic and non conventional.

    COT is not a timing tool and I don't use it for timing entry or exits. Refer to Larry Williams who first brought up this tool as a good gauge of what the commercials are doing.

    You don't have to bring in what you did 9 months ago to justify your 'know all' posts. We cannot profit from it.

    If I recall you were a LONG TERM investor in RSG then all of a sudden you clear out and started talking down the stock. Then you are back in and now I suppose a LT hold again?

    I was simply referring to the current lower peaks that I can always draw a down trendline. Apparently that is perception bias? I drew a lower trendline of the Trough touches and it is near perfect and question if THAT trendline will break. You are one of the trendline specialist so I am only asking for opinions because you keep referring to your "blue" trendline in the past but suddenly gun shy on commenting what I see through the eyes of trendlines!

    Now if you fear not being able to explain, that is OK. TA is more an ART than science and we are allowed to be uncertain. I don't know all the answers why price is doing what it does. I don't care since I cannot control it except to try and anticipate the likely movement. This discussion is not about being Right or Wrong. It is about learning through progression, I don't care much about "dick" size comparison. You may want to go to the "gold" thread and start comparing with Skol.

    Neither do I want to continue arguing on pedantic details but you keep posting offensive contents and I am correcting your contradictions. This is democracy and you are entitled to call me every name under the sun. When I read BS I react. No one is interested how it was a no brainer buy 100% gold stocks in September or why gold price will not have much leg from here. I especially have issues with posters who come on 'knowing' where price is going. That sort of boast suggest it is all hindsight.

    Listen in on a Jim rogers/W Buffet comments and do you see them specifically tell you how in December it was a no brainer buy on gold and they were 100% fully loaded? Jim rogers will usually tell you he isn't smart enough to know where price will head top. This is a billionaire. W Buffet will tell you time perfection on his investments is not his game. There must be a reason why they are so successful?

    I posted a gold chart with trend perfect lower up trendline and equally trend perfect upper down trendline. That is not perception bias, every man and his dog can see it. I am using your favourite dependable tool so I would have expected you to make a comment on it in present time, not come back in 2 months and tell me it was a no brainer perception bias because you found some logical reasons to support why price was doing what it was doing.

    Ask me if I know where gold price is going? No I don't know where it will head to, but I have a likely target but that target is appearing to be further away than I had hoped. Do I think gold will breakdown? Possible as the evidence I posted is what I see happening, not what I wanted but there must be contingency plans ahead. I am not an alarmist nor am I a guru/clairvoyant. Just some little poster trying not to lose money if I can help it and learning off others. Among the journey I don't want to indulge in a discussion with the Schiffs/Rickards type of posters who knows where price is going. That reside in my set of dice.
 
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