There is no doubt people have been dumping gold the last 3 days. It is times like these that test a traders metal (no pun intended). We don't like to fight the tape; however, we don't want to flip-flop our belief solely because of the tape action today. Yes, we want to abandon the trade and stop the fear of monetary loss. That is the easy thing to do. We decided to take a stand and trust our gut....
We bought more. Either gold is going to do it here or not. It's only money. It would be absolutely devastating to bail out because of fear, only to have it run. There is nothing worse than not believing in yourself even if it cost you money. Gold is going to run or we are going to take a break because we don't know what the heck is going on!
