break of 50dma and downtrend, page-19

Hobo, in my opinion gold investors who do not understand the fundamentals behind this gold bull market will basically rely on their interpretations (often wrong) of their chart and chop and change, and jump in and jump out with the wind.

There is no conviction, there is no strength, because they do not understand the drivers of gold.

Nothing like a painted gold chart to get these players doing exactly what the Pied Piper wants them to do!

On the contrary, a nation like China, which understands the fundamentals behind this gold bull, purchases large quantities of gold when a painted chart tells it to be cautious or to sell!