Hey, Ross here:
I talk a lot about how the market can be rather counterintuitive.
Today’s chart is another example.
Chart of the Day
Last Wednesday, the Iran conflict escalated significantly.
You would have expected that to trigger a flight toward gold.
Instead, the opposite happened – with the Gold Trust ETF showing the largest outflow in nearly 10 years.
If that isn’t counterintuitive, I don’t know what is.
But if you think about it deeper, it’s not too surprising.
And it does NOT mean that it’s necessarily bearish for the price of gold.
I explain this counterintuitive gold movement – and its broader implication for your trading – below.
Insight of the Day
A drop in price can often be a BULLISH – not bearish – move.
Think of the market like an auction.
When prices fall, it forces weaker holders to sell – nervous traders, short-term speculators, or anyone who bought recently and can’t tolerate the drawdown.
As those sellers dump their positions, stronger buyers step in and absorb the supply.
Eventually, most of the people who wanted to sell have already sold.
And that’s exactly what we may be seeing in gold right now.
Despite the escalation in geopolitical tensions – something that would normally push gold higher – the price actually fell.
At first glance, that might look bearish.
But what it may actually mean is that the market is flushing out the last remaining sellers – likely profit takers from the earlier rallies.
Once that supply is exhausted, even a modest wave of new demand can send prices higher – because there simply aren’t many sellers left to push the market down.
So, no I’m not bearish on gold at all.
But what’s more important here is the broader implication on your own trading.
Because if you can detect these “false bearish” patterns in individual stocks…
You’ll be able to make bank while everyone else is running for the exits.
And in just a few hours at 11 a.m. Eastern later this morning…
I’m going LIVE to walk you through my strategy for targeting this pattern…
A strategy that could have handed you returns like70% in 10 days…
114% in 4 days…
And even 148% in just 2 days:
I’ll explain everything when I see you.
Attendance is free, but seats are limited..
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And I’ll see you in just a bit at 11 a.m. ET sharp.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
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