So, whatever took place back on the 15th, two weeks ago… as far as giving us all reason to watch for the exciting kick-off to a brand new rally in gold… technically speaking, all comes to naught today, if there is not going to be a confirmation, follow-through rally to give that first one credence.
And, here we are, on the morning of Day 10, and the metals have not rallied overnight, overseas, or opened up bigly here in the U.S. So, we’ll see how this day goes, and write of the result after its over. I never took any new positions these past 2 weeks, though I had “threatened” to, but reason or fear got to me first, and I never pulled the trigger. If you did, I trust you kept them on a very short leash, and that you will consider closing them out, perhaps as soon as before this day’s close. We’ll see if today’s action reflects other traders doing that very same thing… will it decline into the close, toward the end of the trading day?
In the future, I will await a confirmation, and this experience has helped me to see the greater wisdom in wanting to do so.