GOLD 0.51% $1,391.7 gold futures

TssMcGill, you are right momentum is required. I don't know if...

  1. 182 Posts.
    TssMcGill, you are right momentum is required. I don't know if you know this but most financial advisers get their information from only a few sources. All that is needed is for some of these to come to some conclusion such as, commodities have peaked, price of oil will retreat, or gold is now out of favour, and the herd will follow. Clients and institutions act on this advice, because it comes from such a "trusted source" and in doing so they generate a self-fulfilling prophecy. The lesson here is, it doesn’t have to make sense, if everyone is doing the same thing…. so don’t fight the trend.
 
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