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2011/12 Gold correction


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2011/12 Gold correction

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  #1 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012

Is 2011/12 correction in gold over?

I would like to believe so as I hear from many gold gurus, technical analyst, and cheerleaders stating for the first time or for the 20th time:

-------------------THE GOLD CORRECTION IS OVER -------------

What's Your Take On That?


Mike, I've searched the topic and I couldn't find similar thread. If I missed something please accept my apology and move the post to the appropriate thread. thx

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 ab456 
New Delhi, India
 
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I personally believe that markets are just too dynamic and cannot be labelled as - Correction is over in "XYZ" for 2012 etc.

There are a heck lot of different issues which could happen or emerge any time which will have effect on any trading instrument. There is no sure shot way for doing this. Although its a different issue for the so called gurus and technical analysts etc. They will not loose their shirt if their calls go wrong.

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 dbarno 
Madison, Wi
 
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One seasonal reference showing a long from 24 Aug until late Sept.

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 dario1 
Ontario, Canada
 
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dbarno View Post
One seasonal reference showing a long from 24 Aug until late Sept.

Could you kindly elaborate on this please

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 dbarno 
Madison, Wi
 
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Get a copy of Commodity Trader's Almanac. By Hirsch and Person. It comes out every year. They explain the how,why and when of seasonal trading. Also has a great trading quote for every day. I day trade and still buy one. Excellent addition to a trading library.

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 dario1 
Ontario, Canada
 
Experience: None
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Last Updated on August 26, 2012


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