Loading ...Prepare for the FOMO when entering a vacuum!
With gold expressed in US dollars… we already got our “freebie” move by consuming our price vacuum to 1550 area.
Silver however is still lagging and offers a similar carrot for those willing to wait some more!
Silver expressed in Great British Pound
Silver expressed in Euro
You know you are in a vacuum when everybody turns bullish.. you think the price will go on to crazy heights immediately, throwing out the window any prepared notions of time expectations to reach targets… Lots of FOMO happens here with late buyers.
Whats a FOMO ?
First symptom of having FOMO is not knowing what FOMO is!!! Please say it ain’t so Fully!!!!
FOMO: “Fear Of Missing Out”. Late buying-in of the undisciplined and ignorant who fear that their chance of making a killing will slip out of their fingers. This is common among those who don’t realize that markets rarely move in a straight line.
We’re looking right now at the possibility of Gold in a lovely correction taking on the shape of a Bull Flag. It should burn-out around 1,453 – 1,460 or so, providing an excellent place to begin adding more bricks to the Golden Wall.
I second the motion!
FO·MO
/?f?m?/
nouninformal
noun: FOMO
anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website.
#$%^ing FOMO makes me lose money !