Gold Going Nowhere Fast
Gold is going nowhere but itseems to be in a hurry, or at least traders and investors are impatient. Awatched pot never boils, and gold will make the next move when it's ready andnot one minute before.
The most important components of tradingand investing are not the news or opinions of others but the patience for thechart to guide you. All markets leave footprints or a treasure map of what'sgoing to happen next. We as traders or investors have to wait patiently fordirections.
Many would like you to play thenews, which never works because when news hits the street, it's already old.You hear about the dollar and how it affects gold, but again you're too late.Like with a fine wine, you must sit back and let it breathe while you wait forthe markets to tell you what to do. It's up to you to listen.
Contributing tokitco.com
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Bubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.  |