News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

The Tree Shakers Have a Ball

August 12, 2020 - (Gold Market Wire) - The tree shakers, aka COT, gave everyone a salient lesson in trading yesterday. Did you chase strength? Did you leverage up? Did you shout, "this is it!" and buy with all your strength? If you did, you failed the test that was yesterday's demonstration. You watered the tree of the "shakers". If you think this was a one-off, think again. This is the new normal. (actually - it's always been like this.)

Yesterday's chart shows the power of the tree shakers in full force.

$2075 to $1863 (in Asia)..not a bad shake out.

And if you think that was something - try Silver:

...what's 20%+ in a given day, eh?

With that out of the way, we will now work to repair some of the chart damage, and resume the bull market. Did you buy lightly this morning, with no margin and enough fire-power in reserve to buy again if we go another $100+ lower? You should have. Keep the size at "sleep-able" levels. And always remember Jim's admonition: "They really want your last dime. They want you and your children out on the street, living in a cardboard box. That's what makes them happy." Don't give it to them. Buy light, save some powder and sit tight. The bull market is not over. Not by any stretch.

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