the collapse of etf gold - paper gold, page-213

Timber, and you are the spokesperson for the 'investor community'! LOL

You are right in regards the last two years, but the 'investor community' are sheep that follow the 'trader community' Traders will be looking at gold & saying it has now bounced of the massive support level of $1180 twice & is just below resistance of $1250-60 area. Traders will be looking very closely at this resistance level to see if it breaks & if does will either be short covering or establishing longs. As that is what the TA says depending on what TA you use. FIB & Elliot waves will give different outcomes.

The 'investor community' may or may not then get on board. they are usually a bit slow & quite often join the party late. Not as late as retail, but quite a way behind the traders, as investors follow momentum, which they probably should, as they aren't close enough to the market to know better.