While the uninitiated are awaiting lower prices to enter or
cover their shorts, the cabal are stacking...
'the usually bearish swap dealers continued to add to their
fresh net long positions by another 3,367 lots, bringing their NET
LONG position to 3,962 lots'
There is a possibility that after a reaction
higher it will go down one more low and that would indicate the
pattern needs to be shifted forward a little, making the current
Wave-E actually Wave-C but that remains to be seen, either way we
are at or very near the point of no return, and looking at the CoT
data I provided this implies the cabal are positioning themselves
long by off-loading their shorts in dramatic fashion to the
gullible funds (sheep) ready for the slaughter...
Posted by praetor54 on 26th of Jul 2015 at 02:42 pm
I agree that gold or at least the pm stocks will bounce over the
next several weeks. This week Gold Corp was 13% below the lower
Bollinger band on the weekly chart. The only other times GC was 10%
or more below the weekly BB was in October 2008 and 2014. Both
times it rallied to the 9 ema on the weekly. I took the opportunity
Thursday and Friday to load up on GC near the lows Now we'll see if
past performance can be repeated. 😄
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Gold long term support, bounce st
Posted by torvix on 25th of Jul 2015 at 09:48 am
'Wedge' ...
Posted by saturn6 on 26th of Jul 2015 at 09:12 am
While the uninitiated are awaiting lower prices to enter or cover their shorts, the cabal are stacking... 'the usually bearish swap dealers continued to add to their fresh net long positions by another 3,367 lots, bringing their NET LONG position to 3,962 lots'
There is a possibility that after a reaction higher it will go down one more low and that would indicate the pattern needs to be shifted forward a little, making the current Wave-E actually Wave-C but that remains to be seen, either way we are at or very near the point of no return, and looking at the CoT data I provided this implies the cabal are positioning themselves long by off-loading their shorts in dramatic fashion to the gullible funds (sheep) ready for the slaughter...
Gold RTM this week
Posted by praetor54 on 26th of Jul 2015 at 02:42 pm
I agree that gold or at least the pm stocks will bounce over the next several weeks. This week Gold Corp was 13% below the lower Bollinger band on the weekly chart. The only other times GC was 10% or more below the weekly BB was in October 2008 and 2014. Both times it rallied to the 9 ema on the weekly. I took the opportunity Thursday and Friday to load up on GC near the lows Now we'll see if past performance can be repeated. 😄