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“Your primary goal has to be to learn how to think like a consistently successful trader. Remember, the best traders think in a number of unique ways. They have aquired a mental structure that allows them to trade without fear and, at the same time, keeps them from becoming reckless and committing fear-based errors. – Mark Douglas
The consistency you seek is in your mind, not in the markets. – Mark Douglas
Remarkable how well this trade performed in all Chinese and global economic downturns of the last 40 years.
It’s one leg of the macro trade of the century. We are extremely bullish on gold, but we are most bullish on gold vs. yuan.