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S W
Member since May 2012
668 commentaries - 5 followers

5 followers

has posted a comment on the article :

The myth of gold price manipulation

- Clif Droke -

I am not interested in selling bars or fortune telling.
Your "herd" will sell at the very bottom which may have already occurred but nobody knows where that is or was, until established.
As such averaging down is a potentially disastrous plan for the herd because they are the ones who establish the bottom.

Things can change rapidly but when it comes to gold buying I only look at a monthly chart.
Look at the 5 month M.A to cross the 20 month M.A and you can be fairly certain that a bottom has been set.
I am not seeing that yet.

Thx for the comment.
SW

Commented 3166 days ago

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Beginning of the headline :How eager are gold bugs to believe their ill fortune over the last four years is the result of sinister forces rather than a lack of prudence on their own part? The answer is easily seen in the writings of gold commentators over the last few months. References to organized manipulation and an official conspiracy to suppress the gold price abound among many analysts and their followers. The collective passion behind this belief has reached a fever pitch and has created something akin to mass hys... Read More

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