And as any trader worth his salt knows, timing is everything. Being right too soon is the same thing as being wrong, so whether or not your macro call pans out in the long run, you have failed. The ironic thing is I agree with you that gold is destined to move lower in the macro picture due to deflationary forces that are still looming large over the next couple years. However, I would never be so foolish as to presume to know exactly at what price that turn may come, or by what specific date, both of which are basic newbie mistakes that you made here.
Indeed the 1018 level acted nicely as resistance--- stepping back in here with a SHORT AT 1014.00--- stops 1020.00 ALL IN best, surf
Just like all the other tops it looked like that you called before. Yes, we know. Don't worry Surf, eventually if you keep calling tops, eventually you'll get one of them right. Even a blind squirrel finds a nut every now and then...
shorted first at 955, now again at 1014---- around 5% higher. this one looks good so far... thanks, surf
Please do me a favor and let me know the second you finally give up on your short bias. ...that's when I'll sell.