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Gold Going Nowhere Fast

Commentaries & Views

Gold is going nowhere but it seems to be in a hurry, or at least traders and investors are impatient. A watched pot never boils, and gold will make the next move when it’s ready and not one minute before.

The most important components of trading and investing are not the news or opinions of others but the patience for the chart to guide you. All markets leave footprints or a treasure map of what’s going to happen next. We as traders or investors have to wait patiently for directions.

Many would like you to play the news, which never works because when news hits the street, it’s already old. You hear about the dollar and how it affects gold, but again you’re too late. Like with a fine wine, you must sit back and let it breathe while you wait for the markets to tell you what to do. It’s up to you to listen.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.