Finally I could sit down and look what is going on in the market..I just find out that shot term trading does not suit my life style,because I kind of do more things better than trading,so I don’t pay as much attention as I thought I will be…..I think my style will slowly transform my orientation to long term investing..
In last post I pointed out how are commercials almost net long in gold market and as you can see we had nice lift up in place..I have not traded yet due to lack of time,but I am getting ready for entry (actually I’m already in silver market) …I think market will rise until end of the year..Gold market was falling last few years due to short term speculation, but millions of other investors were buying real gold for long term wealth protection..
Fed is bluffing market and have no idea what to do because is impossible to prevent market doomed to collapse…It does not matter if they will increase or taper monthly buying of bond ,because either way it will have bullish impact on the gold market ..
Stock market is close to crash again..
Thanks for reading..