January 3, 2023 - (Gold Market Wire) - Gold is powering ahead in the New Year, having closed out the previous on a solid technical note. We are heading into a period of severe geo-political dislocation, and Gold is going to reflect that. Our channel has some fairly serious headroom.

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Our identification of the 50/100 day m.a. cross turned out to be prescient. It was the indicator which the market was in tune to. The slope of the cross-over was what got our attention. It looked like a train going through an obstacle on the tracks. We pushed the length out in size, as we have documented here. Now, strong as the market is, we have to take some profit. We are sticking to a 35% trimming. We're concerned with the chart above starting show the shape of a parabola. That has to be acknowledged. Overall, we have no change in perspective for the market. It looks strongly bullish, although we won't doubt that the swings up and down will wreck havoc. The floor traders, aka, COT live for these moments. Professional tree shaking will be making a come back.

Nonetheless, within our potential parabola we still have a channel that says more upside can come.

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Two notes of worth as the trading year begins. Ask yourself...as in now, not later, how will you react if Gold gains 50% in a short space of time. Are you going to sell any? Will you already be out of the market? It's a discipline question, and one of personal comport. But you should think about it now, and try and follow the discipline.

The Second thought is: If we are always trying to pick winning sides, do we forget what happens when no side wins? And how will Gold react in that environment?