As a trader, we always have to look on both direction, and time to time review or self, belief and past work. For this time, I will mostly focus, on what was mention on buying and holding physique gold & silver.
Before I start, I want to mention, I’m not saying people should not or should buy gold. In fact, If you buy gold and silver, this is probably, for some personal mind set, or any other reason that I don’t know, and have no right to judge you for right?
All I will do, it is to share my perspective on why, when it come on the idea of buying and holding physique gold & silver, it may not be for you.
I will let you judge, if it make sense or no, sounds good?
I was looking at this articles: http://www.zerohedge.com/news/2016-08-24/someone-just-puked-15-billion-notional-gold
They was criticize a gold manipulation of over $1.5 billion dollars. I do not, exclude, the market manipulation, in fact I do agree… isn't the reason why we are able to trade so easily, wouldn’t you agree?
-> "Gold continues to be pummeled... “ …if I show you a chart, where’ gold was going “long/up” , by a stronger move, would you same the same thing?
-> “And Silver dropped on heavy volume too...” If you are a trader, you probably know, when one metal go down, all others following the move, knowing this fact..wouldn't you agree, to say it is normal to see silver, following gold's move?
-> The big question now…should you be surprised by the shortage on gold or not? I will let you judge, this is the weekly chart, with a down trend line. ( for those who doesn't know what it means, this is the strongest pattern, when a price, touche for the 3rd time a trend line, the movement continue down).
Because of my technical analyses. This it is only one explanation on why I was short. In fact, there was much more reasons to short.
In conclusion, if you know, 90% looking at the same chart, 90% know, there’s a high probability to sell, and 90% of people decide to do same thing all in one time… wouldn’t you actually say, $1.5$billions of dollars shortage, it is actually a very small amount, compare on this fact?
Let me know what you think, share and upvotes :)
Cheers!
KV