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S W
Member since May 2012
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has posted a comment on the article :

The Cartel Morning Blues

- Andy Hoffman -

As I have written previously,I do love a good RANT.
But I have some concerns here.

So what if there are chutes and ladders, algorithms etc.? They are just noise and part of the play.
Reminds me of the game Snakes and Ladders. As I recall U go up and down but in the end someone wins at the top and other players are placed further down but still ahead of start point.

So it is with trading. Keep at it with good risk management and eventually you win.

My concern though is all this chatter about markets being manipulated, rigged blah blah blah.
If you trade at the end of the day or week none of that matters in the slightest provided appropriate stops are in place.
If the GOLD market is being manipulated...so too is the SILVER ,AUD/USD, EUR/USD whose charts are almost identical and are virtual proxies for each other !
So I trade either of those given the right signal but only one at a time. Same as I do with S&P 500 & Dow minis. TRADE END OF DAY,END OF STORY.

Further, I listen at times to the BODS on KWN and who am I to argue with billionaires re rigging etc.
BUT the weekly chart of GOLD from Sept last shows a reversal bar and from there a 1,2,3 high, then a lower low and a lower high and right now is looking very precarious indeed.
Sinclair and co. need better tech analysts working for them I suggest.
But no worry...gold could go to approx $1100 and still be in a monthly UPTREND.
Friendly tip...do not confuse holding physical with trading prices of gold.

Commented 4402 days ago

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Beginning of the headline : I had another RANT topic fully written last night, but when I awoke to the “aftershock” of the “FED MINUTES DECIMATION,” I changed my mind about what to publish.Instead of going to the gym, I spent more than two hours compiling data from the past six months to prove a point I have discussed for years, my contention the Cartel purposely attacks gold in the thinly traded “pre-market” to sour sentiment and “set a negative tone” for the day... Read More

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