For what it is worth I just wanted to post a thought on CRS...

For what it is worth I just wanted to post a thought on CRS /Gold stock trading that is pertinent elsewhere in the challenge of trading - ie beating your inbuilt desire to lose (LOL!).

When gold was running up everyone wanted to be in gold stocks - any gold stocks . What were they worth? Who cared - they would be worth more tomorrow.

Then the gold price commenced to fall to a retrace. Did the gold share holders sell? A bit, but everytime the gold price looked like it might have a little bounce they bought up shares so as not to miss the next run in the gold price. Trouble was, gold was heading down.

Now, gold has completed the retrace - an excellent sign in my view that the next run up has a sutainable base to work from for new highs.

But where are the gold share buyers? Well, they are all sellers now. Oh, no, not going to get caught again on this gold spike, got burnt on the way down doing that.

So there is gold forming a rising pattern again and the gold stocks are selling for less than they were when gold was selling for substantially less.

CRS just completed a technical retrace touching 68 briefly but many even on here don't believe it. Its the power of our own fear which is so hard to beat in contrarian investing (buying) and greed (selling) at the right times.

Many other golds completing or completed full 61.8% Fibonacci retracements just as the gold price did.

Do the work and have a look.

Don't mean to sound like a wally butthis is why imo charts are so important. They can remove the fear factor by setting a tangible target to buy or sell. Once you have that you can ignore your emotion and then couple th action with a tight stop loss.

Anyone else have any thoughts along this line?

Cheers,