sp is holding up well., page-26

"Charting is a powerful tool but understanding the fundamentals and using the two together is even more useful."

It looks more like the fundamentals are getting in the way of the technicals which is causing decisions to be made to the detriment. the technicals/market/crowd is telling the story

"It helps in understanding what is more likely going on and therefore aids in trading decisions."

On the contrary, it clouds the decisions with emotions which detract from good decision making.

If you are confident gold is finished, you would ignore what might look like an obvious bottom"

Similar to the bottom that was called on SLR and then that was smashed another 40%

"If you are bullish gold, you will be watching and waiting for that bottom and much more likely to take advantage of it."

He who picks bottoms ends up with smelly finger - confucious 1632 AD

People have been calling this a buy at 6, and buying, then calling it a buy at 5 and still buying, then calling it a buy at 4 and still buying, then calling it at 3.5 and still buying, now 2.8 and still buying.
What if it goes to 1.5?

The thing is, 'IF' this does decide to move the technicals SHALL pick it up way before the levels listed above!!

Its amazing how 'technically' that peak in 2007 which supposedly has had nothing to do with the 'new company' forms perfectly the long term down trend line which was so categorically dismissed.

Not saying it cant do it, however the beloved ABU has some huge mountains to climb "technically", to get out of this long term dontrend and turn the tables!!!

Cheers