F
fibo_trader
NVP's goldmeter ............. something that very few if any consider ........ food for thought on gold correlation ...........
Central banks are buying up a storm of Gold. This causes the general public (Herd) to believe Gold is going to the moon. But here's the thing: the cognoscenti already know that when the government gets involved they are always wrong and always fck it up. We know this from almost everything the govt. touches.
So why should Central Banks be any different? they aren't. they are the HERD. When you hear they are buying up a storm, get ready to dump your gold
(1)
Look how dumb Britain is:
From 1999-2002, Great Britain sold about half of its gold reserves. But guess what happened after the sales? Yes, gold began its parabolic climb from just below $300 an ounce to over $1,900 within nine years. In fact, that bottom in gold became dubbed the "Brown Bottom," named after Gordon Brown, the U.K. chancellor of the exchequer, who made the decision to sell the gold at that time.
(2)
Central banks dummieswere buying up a storm
as Gold topped in 2011 - 2014 (sideways consolidation for 3 years).
(3)
Central banks + Venezuela + experts dumping gold around end of 2015 like crazy
bull market in Gold got underway almost right after that, once again proving they are always on the wrong side of the trend at major turns.
Smart money, my ass, governments are the dumb money usually the last actors within a sentiment trend. Think about it. Aren't governments enacting new laws to protect investors at the end of bear markets — after all the damage has already been done? So, it is not unreasonable to believe that governments would be the last sellers to the market to conclude a bear market. Moreover, it is common to see them as buyers when markets are near some form of high . This means that these sons of bit*ches are always wrong at major turns.
This is the precise reason why FIBO watches for this aspect of fundamental analysis, namely the so called smart Money Central Bankers - then I do the opposite as soon as I get a good TA signal.
Yippie kai yeh
Central banks are buying up a storm of Gold. This causes the general public (Herd) to believe Gold is going to the moon. But here's the thing: the cognoscenti already know that when the government gets involved they are always wrong and always fck it up. We know this from almost everything the govt. touches.
So why should Central Banks be any different? they aren't. they are the HERD. When you hear they are buying up a storm, get ready to dump your gold
(1)
Look how dumb Britain is:
From 1999-2002, Great Britain sold about half of its gold reserves. But guess what happened after the sales? Yes, gold began its parabolic climb from just below $300 an ounce to over $1,900 within nine years. In fact, that bottom in gold became dubbed the "Brown Bottom," named after Gordon Brown, the U.K. chancellor of the exchequer, who made the decision to sell the gold at that time.
(2)
Central banks dummieswere buying up a storm
as Gold topped in 2011 - 2014 (sideways consolidation for 3 years).
(3)
Central banks + Venezuela + experts dumping gold around end of 2015 like crazy
bull market in Gold got underway almost right after that, once again proving they are always on the wrong side of the trend at major turns.
Smart money, my ass, governments are the dumb money usually the last actors within a sentiment trend. Think about it. Aren't governments enacting new laws to protect investors at the end of bear markets — after all the damage has already been done? So, it is not unreasonable to believe that governments would be the last sellers to the market to conclude a bear market. Moreover, it is common to see them as buyers when markets are near some form of high . This means that these sons of bit*ches are always wrong at major turns.
This is the precise reason why FIBO watches for this aspect of fundamental analysis, namely the so called smart Money Central Bankers - then I do the opposite as soon as I get a good TA signal.
Yippie kai yeh
