December 14, 2020 - (Gold Market Wire) - The US Electoral system is in turmoil, the country is divided like almost never before. And Gold falls. That should be a warning to those who think the market should go up. The reason? Not enough people have lost confidence in the system. That will probably happen - but it won't happen today. And it won't happen because everybody is saying it should happen. No matter how much shouting from the perma-bulls goes on...the market is still the market. And if you believe it's "manipulated" ... you really shouldn't be involved in it, because you are guaranteed to lose money. (As a side note: as almost all professionals out in the real world know - almost all market manipulations happen to the upside, not the down... because upside manipulation is how you get suckers to chase, who you then unload to.)

But the cheerleaders never quit - because it's where they make their money. You buy - they get a commission. You invest, they get a "fee". They are not going to tell you to get out because the market looks weak. We did, when we scratched last week. We tried length, we gave it a few days, and it didn't worked...so we got out for a zero loss. We live to fight another day. These days, we are using our buying power in agriculture - where the effort is supported by trend. Meanwhile, here is Gold's trend:

Gold's trend is down. And the downtrend is back in play. Going back nearly half a year, less than 10% of our closing prices (the ones that count) have been above the line. And even if you do get above the line, as the line is sloping down, its still getting weaker, as long as it stays close to the line. Those are lousy odds, for the trader. The slingshot has now failed and Gold is weak. Now the downtrend is back... with a vengance.