Official NFP on Friday showed grow of .13%. That’s supposed to be good news? As a result gold went into a nose dive, and I was able to cash in my tiny short positions. And I left my tiny long positions to hit their automatic profit taking Friday night at 2058 per troy ounce, when the market said: “Huh? WTF! .13%?! That’s it?” And it paid off beautifully. Sweetest trades I’ve done in a long time. Tonight when trading recommences, gold will probably go down some, when they figure that interest rates will stay high, strengthening the dollar and weakening gold. The Fed is waiting for unemployment to climb some before loosening the money supply and uplifting gold again.
Like you, most are either taking the quick profit, or they are shorting.
But the only ones making the real profits are the elites who control the markets. They were the ones who most likely made the market price decline. Make the very large profit & drive down the price back down, buy large quantities to drive the price back up, rinse & repeat, over & over.