Gold seemed unstoppable this morning, BUT then something happened. Above is an hourly chart which shows the gold market suddenly selling off.
What could have happened?
Someone sold HUGE contracts into the futures market as reporting by Zerohedge.
https://www.zerohedge.com/commodities/gold-suddenly-hammered-multi-billion-dollar-sale
Zerohedge speculates that someone got a margin call and was forced to sell everything under the sun including $3 BILLION in futures gold contracts.
You always have to worry about the other guy, you never know when someone will be forced to sell!
Stacking is so much easier than trading, BUY . . . HOLD . . . WAIT!
Peace out and stack on!
