I just love how you cherry-pick out some numbers for the last...

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Skol

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17/10/19

10:13

Post #: 40925003
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Originally posted by Crom Valen: ↑

What is truly pathetic about your reliance on charts is that you constantly get it wrong - yet never learn any kind of lesson from that.

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Skolism
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noun
noun: skolism
Displaying total ambivalence towards upcoming news that will move the market, a devotee of Skolism instead will rely solely on charts and hope to determine their trades.
"he was a real Skolist - lost a packet trying to short Gold due to downright ignorance"

https://www.bloomberg.com/opinion/a...re-global-economic-quandary?srnd=premium-asia

China to Underscore Global Economic Quandary

Its GDP figure on Friday will be a reminder to finance officials meeting in Washington about a worldwide slowdown and central bank dilemma.
By
Mohamed A. El-Erian
‎17‎ ‎October‎ ‎2019‎ ‎10‎:‎31‎ ‎AM

Central bank governors and finance ministers from around the globe will be in the thick of their discussions at this year’s annual meetings of the IMF and World Bank in Washington when China releases its highly anticipated third-quarter growth number on Friday. The official estimate is likely to come in at the low end of the government’s target range of 6% to 6.5% for 2019, with a growing risk of falling short of this range.
The release will add to two concerns that will most likely underlie much of the discussions at the meetings, both in public and especially behind closed doors: the deepening and broadening global economic weakness and the risk of increasingly ineffective, if not counter-productive, monetary policy stimulus by the world’s most powerful and systemically important central banks.

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I just love how you cherry-pick out some numbers for the last day or two and ignore the big picture.

Every chart points to a lower gold price, the stars are in alignment you might say.....goldbug Neros fiddling while Rome burns.
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0 Great analysis

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