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Being a Gold Bull Is Now Far Too Easy - Don t Be Deceived :: The Market Oracle ::
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Junior Gold Miners Should be Rallying – What s Holding Them Back? :: The Market Oracle ::
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Daily Gold News: Thursday, May 13 – Gold Lower After Inflation Data
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Gold scored some victories over the past days, but it’s playing a risky game. One misstep and the yellow metal might lose the war. Sometimes, a good strategist needs to give up a few battles to eventually win the war. Or, at least, convince their enemy that they’re defeated while preparing a counterattack. Just the same, a chess player may need to sacrifice a piece in order to checkmate a king. Sun Tzu has spoken, and the
Art of War translates well here. In the world of trading, the same rules often apply. A good investor needs to give up a few unfavorable days to eventually score a final victory. Again, controlling one’s emotions and adhering to patience are key. These principles are important when waiting out gold’s temporary upswings in a medium-term downswing, and also when waiting for gold’s eventual ascent. Don’t let short-term intraday moves cloud your vision.