All markets seem to be going sideways today.
The slight down angle to the flag gold is in
should resolve up. But who knows what gold is
going to do anymore in the short run.
I pity the people who hang on to their long
position after a nice run up like this morning's.
As it will all disappear in a flash soon thereafter.
And I don't even want to think about the people
who buy at the top thinking gold is going to continue
to go straight up just because the World is falling apart
in front of their eyes. Only to get wiped out in a margin
call when gold pulls back, but then turns around and
goes where they thought is was going in the first place.
It's all about timing and experience in watching this
market a tick at a time for many years.