It's s short-term phenomenon. But if you can't call it in the short term how can you expect to call it in the long term?
Simple: I don't play the short game. It's harder to make short-term calls, but harder to stay the course in the long-term. Traders can go about and make a thousand trades per year. I'd rather make a handful of investments during my entire lifetime and have the same result. Gold is one of those.
No agonizing over every squirrelly price move, no desperate attempts to modify theories on each tick, no obsessing with eyeballs glued to charts. Only a driving vision based on unassailable principles. A better question might be: how can you live life when your emotional attachment to the short-term is exhausting?
