Hello Trader,
The prestigious Timer's Digest voted me the #1 Gold Market Timer three years in a row.
I quite the contest after three years. I had made my point. I was the best.
So what did I do that was so different?
The first factor was that I was not a gold bug. Don't get me wrong, I would love for all countries, particularly the US to go back to the gold standard. That was a period of low inflation, high productivity growth, high wealth creation, and relative peace. Much better than now.
We used to have a free market in US dollars until Congress nationalized the money supply in 1913 and then Franklin Roosevelt stole gold from US citizens in the 1930's. The dollar has lost 97% of it's value since the Federal Reserve Bank took over. Insane.
I know I sound like a gold bug and perhaps on some level I am. But let's be realistic. No country is going back to the gold standard anytime in my lifetime(s) so it is a chimera that is a waste of time to even contemplate.
But my day job is to trade so my ideology has no place in informing my decision to buy or sell gold.
I'm also not a Johnny One Note who only tells you to buy gold. Those guys are, sorry, idiots. Usually they are just talking up the product they are selling, gold or silver, and don't have your best interests at heart. They ain't looking out for you. They just want to sell you something.
But I am a pro trader. My job is to make money in the market by buying and selling things such as gold.
Second, I spent years looking at the correlation of different factors that drive the price of gold. What factors are highly correlated with gold rallies and dips? I discovered that things like real interest rates and Indian wedding season were very important while central bank buying and selling was not that important.
Third, I use technicals to time my trades. I use mechanical systems which give me objective reasons to buy and sell, not emotional reasons to buy or sell.
I put all of these factors into a scenario and then, most importantly, into a trade plan which tells me when to buy and sell and how big a position.
Finally, I execute that plan flawlessly.
I have put together a video presentation where you can see the process that made me the best gold timer in the world in action.
Click here to watch it.
You will learn a lot about how to time gold plus you will see my current bias plus I have a special offer for you!
You can watch the video by clicking here now.
Thanks!
Good gold trading,
Courtney Smith
No comments:
Post a Comment