Friday, October 15, 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.

Subscriber Comments

Patience assumes different forms in the trading world. Investment discipline, such as the Evolution of the Trade (EOT) waiting for the primary trend to Flip (F) from down to up after or within a sizeable bullish energy build. The second form flows from a state of unconsciousness after the 2x4 slams finds the back of our heads. Traders incapacitated by brute force take on the appearance of patience. The former is superior to the latter.

Anyone trying to time the bottom in gold should consider the Silver Report. Gold and silver are highly correlated, and often follow very similar setups within the EOT. Gold and silver's setups are still not right for the bulls. This could be cleared up in a matter of months, but it's better to be patient and conscious than laying on the floor.

I am not trying to make fun of anyone.  We have all learned the hard way. The Matrix was designed to recognized when the invisible hand is carrying the 2x4 and headed our way.

Gold ETF

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