DislikedA lot of traders here are simply saying "I trade what i see in my charts" its great to stick to technicals however i totally agree with your statement that you need to be good in Fundamentals to work well with Technicals while, you dont need Techical to trade solely on Fundamentals
That is what i mean... if you're gona just look at a chart you are missing out the key news coming out which happens to be driver for markets and you miss out or eventually Lose on trusting a model too strictly, variables like news are simply too much to ignore when...Ignored
The technicals would never tell anyone this.
The US monopoly is the USD being the reserve currency for oil. Ghadafi was too isolated to have any impact on their regional hegemony or a supposed gold monopoly. The BRICS and Iran are the real flash point because they're chipping away at the USD's position as the reserve.
If the US were concerned about a gold monopoly they wouldn't have off loaded that large an amount through the IMF to India and China last year. It was a classic distribution at the top. Not like Brown's Bottom where 400 tons went to the NY Fed, NM Rothschild and AIG got bailed out (which Goldman front ran as usual). Classic.
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