I find that there is almost no value in reading the financial press "forecasts". Maybe as a contrarian indicator as I've mentioned in other threads (i.e. when the "titan's" tell everyone they are "bullish" this or "bearish" that, it's usually a fade, as they are seeking to herd the lemmings to react emotionally).
I would agree that it is unwise to follow the financial media but using them as a contrarian indicator can be bad. They've been touting aapl, amzn, etc and have done a good job in pushing those stocks up.
I have seen today, but still no trade for me because still disappointed with my previous loss that several time occured, I hope you will get profit from this movement
Bitcoin just hit its high. It shows people are moving (not flying) to safety. Safer than common currencies which is bullish for gold.
Seem have tendencies to being bearish on gold, two day on bearish and now trying luck with open sell again
%1 pop today confirmed. Up 5 days in row. I expect it to close 112.5 by Friday. I am long AMZN, WMT, SBUX, and GLD and short ADI and CAT.
Big player tossing it around (futures).. almost like a agenda to run stops above. Futures over a multi year period test the 200 day multiple times during a bull or bear run. Almost enough to shake off most long term position players.
The first sign of bearish in Gold. There is a growing confidence in US dollar https://www.bloomberg.com/news/arti...-billion-mexico-plant-after-trump-s-criticism