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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (23004)	12/6/2010 8:32:42 PM
From: GST	2 Recommendations Read Replies (1) \| Respond to of 29622

Day-trading is trading on noise. Any noise will do -- and the fact that China's move to raise rates is GOOD for gold does not stop some no-nothing person with a news hole to fill from saying otherwise. Day trading is like trying to pretend that you know whether a coin will flip heads or tails on any given toss -- a gamble at best. Investing based on fundamentals has little in common with day trading. You said it was a 'fact' that gold was hurt by China's move to raise rates -- I say it is plainly evident that is was completely wrong and the price of gold is proving that today. I was commenting on the fundamentals -- you appeared to be commenting on the number of people who got it wrong for a few days -- as if their mistake in judgement makes it a 'fact' that higher rates in China are bad for gold prices.