GOLD 0.51% $1,391.7 gold futures

Dillinja could be right on the money. Perhaps similar to typical...

  1. 453 Posts.
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    Dillinja could be right on the money. Perhaps similar to typical pattern of trades leading to an increase in substantial holding where we see plenty of sales to keep the dampner on price while the real strategy is accumulation.

    Seems to me that anytime gold takes a dip (on news from Fed or maybe profit taking etc) the buying support clicks in pretty quickly. IMO there's no magic bullet for a quick turn around in current economic problems, so my opinion is that things will stay volatile and basically good for POG for a good while yet.

    Thats means I'm happy to hold through the short term "noise" because I believe there's still a long term trend in place.

    It's fine for others to disagree and make their decisions accordingly. Hopefully we all make some money in our own ways.
 
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