Anybody who suggests they can predict whether a commodity or security is going to go up 10% before it goes down 10% (or vice versa) just by looking at past trends is lying.If you could predict future moves from past moves all chartists would be billionaires. The fact is the only people who make money from charting are those selling strategies and books.
I scoffed at gold falling to 3000 dollars maybe I was wrong. It’s difficult to see gold going on an impulse surge any time soon.After the mid terms Trump could well send the oil price up sharply meaning gold could fall rapidly.However I am not personally going to try and outsmart the market.
