Thursday, September 15, 2022

#Gold Review $GLD #GC_F

Gold Review
Trading noise, the random movement of price over the short term, does not control trends, cycles, and profits. The majority, an emotionally driven group focused solely on price, often interprets it as meaningful information. This leads to confusion, frustration, missed opportunities, and leaves the majority as the bag holders of trend transitions. The Evolution of the Trade helps investors stand separate from the majority.

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

Subscriber Comments

The Series 1 The Silver Report 10/13/21, a series of videos, extends the discussion.

Gold and silver tends to be emotional assets seemingly controlled by Dumb and Dumber. The majority's fascination with and dependence on PM gurus to describe their role in the financial system corrodes objectivity. Gurus tend to push static concepts of inflexible money. Selling theoretically discussions buries a lot of silver and gold “bugs”. Static concepts fail miserably in a dynamic (ever changing) geometric world.

Rallies and declines do not materialize in vacuum. They're set up by the invisible hand.  Today's review reveals what the bulls are waiting.

Use your Subscription Level Access Code to access the full review.

The Precious Metals Composite (PMC) defines the money flows for gold and silver. LTCO > 0 and LTCO < 0 are bullish and bearish, respectively. Anyone can shill the virtues of owning gold.

Timing it, however, requires skill. The Matrix reports the intermediate-term PMC on line 78 of the Trends Tab of the Matrix. The computer also generates a long-term PMC (see Long Term PMC). Bulls spinning the benefits of owning gold will lose credibility when PMC < 0. That all changes when the computer generates the next green highlight box.

Skill is not selling a narrative but rather understanding what the invisible hand is doing. Capital (money) flows cannot be manipulated. The "Bugs" often cry foul when the world doesn't respond to their sales pitch.

Fine, Eric, but we're not interested in gold. Fair enough. Be warned, though, gold (and silver) represent transitional assets when confidence breaks to point in which government policies, edicts, and institutions are no longer trusted. Will we reach this point? Some say no. Our response is simple, if it happens it will do so with confidence firmly entrenched in bear phase (see Confidence Oscillator).

Stand with the majority if you like. It's comfortable position that will drink beer with you on the weekend, and tell you everything is fine. Have no illusions, though. You will not survive in this business hanging out with the majority. Your only friend is the invisible hand that doesn't talk much and speaks so quietly only the highly skilled can hear it. This is why the Matrix was created and published.

Long Term PMC

Confidence Oscillator

Important update 9/15/222

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The Matrix provides market-driven trend, cycles, and intermarket analysis.