Tommy, one thing I've learned the hard way, is not to become emotionally attached to physical things, money, gold, stocks, physical posessions, for they are all fleeting.
To become a Gold Bull makes you emotionally attached and the emotions of fear and greed are death to a trader, you most overcome those emotions and idolotry. It is the idolatry of this Stock Market and the almighty dollar that has gotten us into this mess, and will do exactly the opposite of what most people are expecting.
For this to be the real bottom in Gold, it would have to be a sharp bounce of this support line, however we are sloppily meandering around this support line, it looks like till Monday.
Trust me, by April 1st this will be FOOLS GOLD and we'll be selling into the strength. A bear market of this magnitude ends with a V spike. Jan 12th low was only $4 off the December low.
bobby |
