Tuesday, August 17, 2021

#Gold Review $GLD #GC_F

Gold Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Gold's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Good morning Eric,

Great content as usual. My husband and I always enjoy discussing your posts and Matrix updates.

Vis-a-vis your Friday Confidence Review and the obvious energy builds in the PM sector, I saw this article on KitCo this morning and literally laughed until I cried.

Poor little gold, can't "attract any attention"....

Is it time to buy gold (or platinum) yet, lol?

Cheers, Eartha

Subscriber Comments

Eartha, listen to the invisible hand. As far as I know, it doesn't publish articles, maintain a blog, or compete with the Kardashians as an "influencer". My experience with the Internet, whether it be social media, websites, or blogs, is nearly all tell the majority what they want to hear. The majority doesn't like being told they're wrong, so reinforcing their beliefs generates easy clicks.

Notice how I didn't say profits. Clicks and generating profits are not the same skills.

What is the invisible hand saying? The bulls didn't want to listen as far back as May 2021. After Friday, the setup tells us bears will be the ones not listening going forward. Let's talk about it a little more.

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