Monday, November 22, 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

We have been watching the majority attempting to break the door down to get bullish gold for weeks. The Evolution of the Trade, however, can't confirm it yet. Gold's primary trend won't turn bullish until December 1st at the earliest.  A bullish Flip and alignment of the composite trend may have to wait until 2022.

While gold's energy build is improving, it's still too small. Bottoms are generally preceded by higher DI and DI2 readings. DI2 is only 13%.

So, I'll say it again. Patience. Patience doesn't sell subscriptions, because the tendency to believe tomorrow is the best day for action regardless of the cycles.

I have not done a Gold Report. But if I do, it would discuss long term intermarket trends, or "flows". Gold and silver rarely organize into a rally without bullish (risk-on) flows. The majority fails chasing gold, because they ignore flows. Buying risk off flows is like swimming against a rip tide and hoping not to drown.

Long Term Precious Metals Composite Flows

Follow me on Twitter or Facebook for further discussion.


Access market-driven money flow, trends, and intermarket analysis through an Access Key.