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<p>[QUOTE="desertgem, post: 957785, member: 15199"]A very smart thing to do. I would never give anyone advice to SELL or to BUY, as the Gods can be unkind. I don't know the percentages, but probably only a small % of the market is held by gold hoarders or " We are doomed" people, and the movement is often provided by the newscasters and PM newsletters who will give you advice that is best for their business. Cloudsweeper's mention of the 200 day MA is important, because most often, this and statistics like it, actually influence the market a lot, even though they are suppose to be after the fact, many traders and oracles use it as a predictive tool. Many use just it for individual stocks, PM, DJI, etc., buying when it is well below the 200 day and selling when it is well above, so a crossing of it either way can often trigger a stronger reaction.</p><p><br /></p><p>Jim</p><p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 957785, member: 15199"]A very smart thing to do. I would never give anyone advice to SELL or to BUY, as the Gods can be unkind. I don't know the percentages, but probably only a small % of the market is held by gold hoarders or " We are doomed" people, and the movement is often provided by the newscasters and PM newsletters who will give you advice that is best for their business. Cloudsweeper's mention of the 200 day MA is important, because most often, this and statistics like it, actually influence the market a lot, even though they are suppose to be after the fact, many traders and oracles use it as a predictive tool. Many use just it for individual stocks, PM, DJI, etc., buying when it is well below the 200 day and selling when it is well above, so a crossing of it either way can often trigger a stronger reaction. Jim [LEFT][COLOR=#000000] [/COLOR][/LEFT][/QUOTE]
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