Sunday, June 27, 2010

Playing on a Golden Trampoline is Just Fun

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Sometimes we humans take ourselves and our investments a bit too seriously and it would do us well to take a step back, and smile.
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This chart is the price action of Gold for at least the past 6 weeks.  You know, to me it looks as happy as a kid playing on a trampoline.  Of course there are up and downs, but what fun would there be without that?  
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The TSI does a nice job of smoothing out the trajectory of things and if you allow yourself to use your imagination, you can pretend, just for a moment, that you are on that trampoline.
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Only when Gold price action starts to get grumpy should we worry about this coming to an end.  Something like a break of the white trend line would definitely get my attention.
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Click on the chart to ENLARGE

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