July 26th i posted a long term bearish move on gold citing only technical supporting factors for my short play.
Gold since then has managed to drop nearly halfway to the target.Gold is a safe haven thus in times of global crisis investors buy it,but we cant always follow the crowd in these market especially the news..A majority of the news networks being owned by billionaires and big cooperations should be enough reason for traders especially long term traders to do their own thinking because the moment they start screaming that we are going into a reccession you start to sell mean while the big guys are buyig,they just used you as liquidity and you dont even know it..Market manipulation has taken a new form ,HAPPY TRADING,
Gold since then has managed to drop nearly halfway to the target.Gold is a safe haven thus in times of global crisis investors buy it,but we cant always follow the crowd in these market especially the news..A majority of the news networks being owned by billionaires and big cooperations should be enough reason for traders especially long term traders to do their own thinking because the moment they start screaming that we are going into a reccession you start to sell mean while the big guys are buyig,they just used you as liquidity and you dont even know it..Market manipulation has taken a new form ,HAPPY TRADING,
