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Market News When Fiction Reveals the Flaws in Well-Thought-Out Plans

When Fiction Reveals the Flaws in Well-Thought-Out Plans

We frequently come across circumstances when painstakingly constructed plans fall flat on their faces, both in comic movies and in real life.

TOP1Markets Analyst
2023-07-03
11250

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This article approaches the idea that fiction can occasionally be more practical than a presumably well-thought-out plan from a hilarious angle. While the recent decrease in gold is the main topic of this article, it also makes references to a humorous scene from the movie Men in Black and Chairman Powell's goal to lower inflation. The error in presuming success without fully comprehending the processes involved is the common thread.


Over the last two months, gold has been on a downward trend, which has resulted in a significant price correction. Gold futures are currently trading below a crucial price support level, at a low of $1912.30. It is more likely that gold futures will drift towards $1900 next week due to the inability to close above the 61.8% Fibonacci retracement, with limited support until $1870. This circumstance demonstrates the vulnerability of well-intentioned plans that miss important details.

An Important Lesson from "Men in Black"

The humorous exchanges in the third Men in Black movie are a great illustration of the illogical presumptions that can ruin plans. The younger Boris is questioned about their strategy as the main antagonist Boris the Animal time travels to Earth in search of retribution. The assured answer is to stop the ArcNet's rollout and eliminate everyone who attempts. The more experienced Boris, however, hilariously observes that the seemingly perfect scheme finally fails. The story's lesson—the absurd presumption that justified the plan's flaw—is illustrated by this analogy.

What's your strategy, asks Boris the older animal?

The younger Boris reacts with complete assurance, commanding in a commanding alpha voice, "Stop the deployment of the ArcNet. Anyone anyone attempts, kill them!"


The most hilarious part of Boris the Animal's statement is how this reaction is received:


The more senior Boris replies mockingly, "Good plan, didn't work."

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