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Gold is in the Frustration Zone

May 10, 2023

I'm going to take a look at the metals again in this report.  I'm going to show you what's happening to traders, especially novice traders,  or maybe people that haven't learned how to control their emotions yet. Coming out of this bottom this is the mining stocks, ETF and GDX. This was a 36 percent move in just a little over a month. That that's a huge move. We've gotten stretched quite far above the 200-day moving average, and now we're turning sideways and when you get a move like this, recency-bias comes into play.


The total world's holdings of gold could be transported by a single solitary oil tanker.
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