perhaps because some americans lack patience and a long-term view of things? just a thought ... oh! look where GLD closed yesterday!
Wrong... GLD gets worked next week. Deflation back on the table, USD strengthening across the board.. Gold back to 880 next week.
I see resistance @ $91 and support @ $86. So @ $90 it’s a Strong Sell!Risk To Reward Ratio = Short @ $90 Cover @ $92 or Cover @ $86 = 2 dwn OR 4 up That is 3 to 1 Odds fot me and a nice Entry and Exit point.
You must be patient. The "manipulators" still haven't gotten on board. And they will, big time. Then you will look back at double digits and wish you had bought more at these bargain prices.Hold, hold, hold and if you can add at these great prices. This meltdown is just about to go super nova.
Buy more at these prices? All the bulls claim to have 25 to 350 average costs. Bulls do not buy or trade, only wait in fear.