Gold May Be on Fire, But a Drone Strike Did NOT Light the Keg
by Nico Isaac
Updated: January 08, 2020
Q: What's the Best Way to Miss A Rally in Gold?
A: To Wait on After-the-Fact Stories That Link Big Price Moves to "Big News" Reports
Chart of the Day just showed you a case-in-point of how this happens: After gold began to rally, financial news said military action was the cause. Backwards reporting like that happens all the time, for virtually all big financial market moves.
You also saw how our Elliott Wave forecasts alerted subscribers before gold's rally (and way before the supposed "cause").
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Many investors believe that economic news has an effect on the stock market. But a review of financial history shows that this just isn’t so. Consider India’s “jobs crisis” and the behavior of India’s key stock market index, the Nifty 50.