Loading ...TA is a horse of different color. It’s for active traders who know unforeseen events could happen on a dime either in a particular stock or economically. Also not all chartist are the same, In TA they don’t generally buy and leave it there. That’s where talking heads do their damage to longs on speculation like gold, Dow whatever to the moon so just leave it there. Gold will be 5000 by this date. Gold will be 10 thousand by that date. How do they know? Apparently they don’t. After the crash of 08 Armstrong did a 180.
In TA you have stops so the trade turns you turn with it. I think the difference is with PM stocks many never recover in their life time of hold you hostage in hopes you’ll just break even with mostly the minors. I think people are attracted by the low price but will do you no good if the timings wrong and most not meant to hold long,
It took 30 years for gold stocks to recover from the last high in 1980 before a new bull run. Those who bought at the top had a long time to wait and who knows what happened to a lot of those stocks. I found some years back that survived and they were higher then than they are now with gold being higher now.
I can understand what your saying but it’s meant for active traders who watch support and resistance and sell if it breaches support and not try to reason with it.
Ipso 20:59
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