MOM AND POP GOLD TRADERS’ LUNCH EATEN BY PROFESSIONALS, HOW NOT TO BECOME A VICTIM $GLD $SLV $GDX $GDXJ $DUST $NUGT
Investors who prudently invest in precious metals with modern timing tools for the very long-term make money. Professionals know this but mom and pop often do not understand that very long-term investing has positive expectancy irrespective of how good you are at investing. On the flip side, short-term trading is a zero sum game; someone wins at the expense of someone else. Professionals often have a hay day eating mom and pop’s lunch. Let us explore an example with an annotated chart. The Annotated Chart The annotated chart is of gold futures. Similar examples abound in ETFs such as gold