2 > Logic in this if you make a mistake Long you are recoverable over X period of time, If short without tight stops you are torched on a ramp and $ is gone without hope of drop. Been there done that since May and thus my reluctance to enter today at the top. Good move today, I did not trust it.
The path of least resistance it down. We have gone nowhere since the beginning of June. There's a better chance of a 25% downturn than upturn at these levels....especially in a bear market.
Bright and yellow, hard and cold. Molten, graven, hammered and rolled. Heavy to get and light to hold. Hoarded, bartered, bought and sold. Stolen, borrowed, squandered, doled. Spurned by young, but hung by old. To the verge of a church yard mold; Price of many a crime untold. Gold! Gold! Gold! Gold!
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