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<p>[QUOTE=&quot;Morgan1878, post: 747153, member: 17869&quot;]George Soros coined a term called reflexivity. It simply means that we base today&#039;s investment decision on what happened yesterday and tomorrow&#039;s investment decision based on what happened today. Because there can be so many factors that affect investments, people use reflexivity as a way to establish a psychological foundation so they can move ahead with decision making.</p><p><br /></p><p>Gold has had <i><u>only</u></i> one losing session this month. As the price moves relentlessly up, it exerts a pull on those investors who are on the &quot;outside looking in.&quot;</p><p>As these investors become more anxious, their uncertainty that the gold train is leaving the station will cause some of them to hastily climb aboard. </p><p><br /></p><p>While Mr. Nadler may talk about how the market <i>should</i> work with his stats of supply and demand, reflexivity describes how the market <i>does</i> works since it describes how people actually behave.[/QUOTE]</p><p><br /></p>

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