Oct

8

Please note that I have no position in gold and am therefore not posting through nervousness or to cheer my position along. So objectively speaking there are a couple of reasons why this can be an interesting moment:

1) People have been SO bullish on gold that it will take them a while to reverse their positions.

2) This kind of overwhelming consensus will draw in many weak bulls who are likely to panic.
3) Such days provide markers for many traders to enter against the prevailing trend.

But don't let a chess player worry you… N


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