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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (5049)8/9/2022 3:33:12 PM
From: Sun Tzu  Read Replies (1) | Respond to of 10676
 
I am sympathetic to that thesis, I just don't think that it will have an effect now. It is a trend that will only take shape after the financial stresses have dissipated.

Anyways, I am not telling you that gold is a bad holding. I am saying that for now, there is little difference between buying gold and shorting USD. If you think that USD has topped out, then go ahead and buy gold.



To: Jacob Snyder who wrote (5049)8/9/2022 5:52:14 PM
From: Sun Tzu  Read Replies (2) | Respond to of 10676
 
I just saw this, and since we've been discussing gold, I thought to share my thoughts.

The author thinks that this is the time to buy gold. But when you see this kind of chart, the right thing to do is to short gold and put in a reversal position if it breaks above the channel.

Except for rare extreme positions, always bet that the trend and the pattern will continue.

PS I think he's drawn his chart wrong. But I don't want to discuss that. I am just saying that if I had drawn it his way, then I would have shorted rather than drooling over what a long position could do for me.




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