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wallisd366

1,080 Posts.

172

07/07/22

14:26

Post #: 62422336
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Originally posted by AverageJoe: ↑

Whatever my sentiment to gold is immaterial, I am only commenting on what I am seeing that is unfolding. If it is an opportunity then various disposal of psychologies is usually required, ditto getting out.

Like any valuation, the bigger the fall, the bigger the rise just to recover. Up the stairs and down the elevator.

I am technically driven in my views because I am not clever enough to second guess the market. There are a lot of experts calling the same theme that are present here in the discussions besides the insults but yet gold seems to be falling off a double top from March's high.

Should gold continue down to the $1670s range support, it will be very interesting to see if bulls will come back in or we get another 2013 style decay in valuation. What happened to Bitcoin can equally be prescribed to gold, I am old enough to accept that markets will do what it does best and we can only manage risk. Don't blame Skol, he is both right and wrong depending on the trend.

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Sentiment is another word for opinion. If you get your opinions from a chart, what does you chart say? Why cant you just say: I would sell/buy when Gold hits blah and buy/sell if Gold hits blah. Everything else is just noise.
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