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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

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Arran Yuan

To: IC720 who wrote (115921)	1/9/2024 12:26:00 PM
From: Sun Tzu	1 Recommendation Read Replies (1) of 116791

One other thing: Everytime I see someone speaking in hyperbolic terms, calling institutions or a vast swath of investors oblivious or worse, I discount them completely. They may be proven right, but that will be happenstance. The market is made up of buyers and sellers. The buyers think it will go up while the sellers think it will go down. In other words, half the market is always wrong. Real investors know that. And they know their opinion is at best correct only 55% of the times. So they are humble. A diversified group of well reasoned humble voices is what you want in your corner, not entertaining newsletters and conspiracy theorists. In the end, good TA trumps other analysis 80% of the times.

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