#Gold & #Silver Review $GLD $SLV #GC_F #SI_F

Gold & Silver Review

Trading noise, the random movement of price over the short term, does not control trends, cycles, and profits. The majority, an emotionally driven group focused solely on price, often interprets it as meaningful information. This leads to confusion, frustration, missed opportunities, and leaves the majority as the bag holders of trend transitions. The Evolution of the Trade helps investors stand separate from the majority.

Gold and Silver’s overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

The new Gold & Silver Report, a series of videos, extends the discussion.

Beliefs that embrace narratives selling precious metals’ lackluster performance as a byproduct of manipulation do not time markets. All manipulations fail. The skill comes in timing the failure. That is, following the invisible hand rather than pitch endless conspiracy pitches.

The confidence is the key to future direction. Confidence can’t be controlled by the Fed or public policy.

Subscriber Comments

It doesn’t matter if the CPI doesn’t reflect reality, at least for now. The CPI was reported below expectations, and the majority believes it matters. They also believe that gold tracks inflation, the economy, something controlled by the Fed and/or President, is strong. Laugh, see through the perception game, and track the Evolution of the Trade (EOT). The EOT follows the invisible hand. We follow it to survive and thrive.

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Gold continues to track lower not because the CPI is weakening but rather it’s not ready yet. It’s still working against a long-term cycle, while confidence hangs on by a few remaining threads.  While this statement irritates the true believers (gold bugs) over the short-term, it allows us (the minority) to survive.

As we explained in the latest Gold & Silver Report 06/01/24 Report — Undeniable Distribution, the EOT would not allow a short position against a primary uptrend. The inability to scalp (trading against the trend) didn’t mean we didn’t take profits once the composite trend entered consolidation under heavily distribution. This was clearly stated on 06/01/24. The report update also discussed the geometric coil shown below in the Gold Daily Chart.

Gold Daily

Professional traders and investors know when to fold’em as well as hold’em with equal skill. The invisible hand has been giving the leveraged longs the middle finger for 11 days and counting. Account balance pain has been relatively light, at least so far, but it could get a lot worse. The gorilla knows the geometric will extract even more pain. Please watch the Gold & Silver Report 06/01/24 Report — Undeniable Distribution for a better discussion.

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The Matrix provides market-driven trend, cycles, and intermarket analysis.

Source: http://www.edegrootinsights.com/2024/06/gold-silver-review-gld-slv-gcf-sif.html