Mate,Charts and technical analysis are good tools but at the end...

Mate,

Charts and technical analysis are good tools but at the end DOW and POG will and always call the shot, charts have told us LGL was a good buy yesterday or two days ago but charts don't tell us what is going to happen with US or traders in the US or what state of mind they are going to be in, commonsense must still rule above charts.
IMF is selling more than 400 tons of gold so charts no charts it looks GOLD is under pressure and $US is stronger so LGL will depend on all of these and others that no one knows yet long term no problem and inflation at this stage is very much under control so much I like to see LGL goes higher my commonsense tells me when everything goes or looks so good something will always spoils it and that happens a lot in the market.
Gold expert have been saying GOLD will hit 1000 or 2000 but really no body knows when so logic and commonsense must rule our emotion and greed and fear and experts are always wrong........they have been saying this for years well at the end sure they will be right and given enough time all of us will be right too, but we traders can't afford to make money in ten years time.......
I am still happy watching and waiting LGL can go lower or higher we don't know and at this point charts are not important to me as I believe more in what is happening in US and what they are going to do with the economy.
Take care and cheers,