Seems to me this is digesting the move up from the lows and will do for the next month, taking out bulls and bears, whipping around. I'd expect maybe a test of the swing high but how it reacts when it gets there will be most important; do the sellers come in at 1425/30 forcing it down or does it close strong and clear of the high, which would suggest maybe a move to 1450. That's my thinking.
Still, I think gold is in a bear market, it's fooked, just like silver, but hey that's just my feeling. Still seems that Mr Average Retail Trader and Mr Average Retail Investor and Mr Average Retail Tinfoil Hat Wearer is overwhelmingly predisposed to be long gold and believe in the gold bull thesis; it seems nothing can dissuade people from these views, which is fine by me, I just think that thesis is wrong. Still, I might very well be wrong instead; that's what makes a market.
Still, I think gold is in a bear market, it's fooked, just like silver, but hey that's just my feeling. Still seems that Mr Average Retail Trader and Mr Average Retail Investor and Mr Average Retail Tinfoil Hat Wearer is overwhelmingly predisposed to be long gold and believe in the gold bull thesis; it seems nothing can dissuade people from these views, which is fine by me, I just think that thesis is wrong. Still, I might very well be wrong instead; that's what makes a market.
I have no clue what I'm talking about.