gold, page-15647

So gold flew post Brexit, then steadily declined as economic data continued to somewhat improve out of the US, supported by the always hawkish rhetoric of the Fed.

There was no fundamental reason for gold to continue to break out upwards and so continued to show weakness in the absence of news that would support it. Gold was challenged downwards to circa 1310 on several occasions, then finally broke strongly downwards in the hours after Assange revealed he had nothing against Clinton, nothing that would destroy her - a notion the Republicans and hard Right had become obsessed with in the States.

At around $1250, gold begins to show strength against a very strong USD. A good sign for the Bulls, most likely the result of the most divisive election in modern history drawing near. Trump will not give up, suggests he will not concede, and then the FBI, bringing us to where we sit today.

I respect you guys, you're mostly gifted with enormous intelligence and knowledge.

Any post-mortem of the last couple of months reveals just one truth.

While you guys sit there, looking at your effin charts for some hit and miss clues of where we are headed, the world passes you by.

I'm tired now and sleep deprived but in my next post I'll show you at least three occasions in my history of events (above) when very profitable trades could have been made calmly, confidently, with no pressure and enormous probability of success.

Stay rational and observant, focussed and goal oriented.

Chartists use past price movements to predict the future. The past has enormous value. You should learn from it and grow as an investor or a trader. You guys are stuck in a rut. You're looking for a magic pill and there's none to be found. It's all hit and miss. Time is lost putting together and overanalysing lines on a chart.

Hot Copper is not a waste of time. You get to flesh out ideas, and the goal should always be to get better. Charting won't do that for you. Sorry.