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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (26939)	3/8/2017 3:53:55 PM
From: Goose94	Read Replies (1) \| Respond to of 202784

Gold: For whatever it's worth, we actually have a tiny uptrend going on with todays gold trading which we didn't have the previous two days, when horizontal for a time was the best speculators were willing to let happen in their absense of cosnsitent buying of the dip (they were not wanting to "catch a falling knife" and thie ultimate support of $1,200 and just under $1,212 really was what we needed to see to see the uptrend, small that it is and perhaps fleeting, manifest). If you want more context and what I'm talking about, I talked about these price areas and how the paper speculators would respond to $1,220, $1,215, $1,212 and the big $1,200 in threads that link to the following link. Given that the bogus paper markets are the flawed (don't laugh) "price discovery mechanism" for metals, it's important to understand how the speculator paper longs look at technical chart trigger levels and that's why I wrote about those numbers (and have worte about the flaws of technical analysis, too, over the years; nevertheless, technicals are important because they inform the decisions of some of the market's participants) Eric Dubin