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$1,391.7 gold futures

Seems like gld price not hitting $1300 tonight.Hmmm, page-23

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HCGhost

12,820 Posts.

6

14/06/16

14:15

Post #: 18027702
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Originally posted by AverageJoe ↑

So as you said a couple of weeks ago that you were a long term gold bull then decided to sell out of RSG and shorted into a bullish move? Oxymoron way of investing?

Technicals measure the psychology of the market that has occurred. It is the basis to find stocks in this discussion or gold price itself to gauge likely outcomes in the future. It allows a measure of the likely risk reward metrics and the style of investing. It is not a predictive tool as being promoted by some folks. Sure there are dreamers tools like EW, Gann, Harmonics which all profess to peek into the future and they will get it correct at times.

First start with the bias then built the fundamentals around the bias? Not my way of doing things and that is why Skol is here to "keep the bastards honest". These are the tops and bottom picking strategies.

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So Skol is "keeping the bastards honest" with cherry-picking, gish-galloping, fiction and unjustified gloating. That's an interesting way to "keep the bastards honest". More akin to Donald Trump than Donald Chipp.
7 Upvote

0 Great analysis

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