Andrew Maguire – We Almost Witnessed A Commercial Signal Failure In The Gold Market

I find most of the interviews on King World News to be completely useless or worse. But I thought that I’d pass along this one, as some of you might find it interesting. While I honestly have no idea what a “commercial signal failure” even is, (if someone wants to enlighten me that’s fine), I do agree with the conclusion. As most of you know, I have a big position in PMs, mostly via miner

ETFs, therefore I agree that they’re going much higher (on an investment basis, trading time frame is another matter).

But I’m not concerned with what a commercial signal failure is because as the old Wall Street saying goes: “Don’t confuse brains with a bull market”. If the TREND is up (bull market), I want to be long and adding on to my position into price weakness at SUPPORT. That’s the gist of it. Don’t overthink it.

But I want all of you to understand and accept what a TREND truly is, so that you can then appreciate the true magic of being long and patiently sitting in a bull market. As possibly the greatest trader of all time once said,

“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.” – JESSE LIVERMORE

So commercial signal failures, wars, currency problems, banking disasters,etc. – there’s a myriad of “reasons” that will push gold higher over the next several years. But you don’t need to know all of the “excuses/reasons”. You just need to know how to spot that the TREND is up and sit tight. And it truly is one of the hardest things to do.

Originally published on One Radio Network