Make or break time for gold

  • Posted by Allan Lederman
  • On March 17, 2016
  • 0 Comments
Clive Maund a prognosticator of dubious accuracy, recently penned an article “get 30,000 coffins ready” for the dead bodies about to litter the field of the gold market. He based his assessment on the COT levels which were indeed heavily short by the ¬†Commercial traders, usually in the right. Indeed, the market looked as if […]
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The fix is in: Gold no upper limit

  • Posted by Allan Lederman
  • On March 10, 2016
  • 0 Comments
The market action after the ECB rate decision reinforces the trend of gold rising in the wake of negative real interest rates. The central bankers are in a box, helpless in the face of weak demand. They are in an all out currency war, complete with unlimited printing and stealing demand from countries with stronger […]
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Gold: Overbought or beast that won’t die?

  • Posted by Allan Lederman
  • On March 7, 2016
  • 0 Comments
Gold seems at an inflection point here with 1280 most recent resistance. It is curious that on such “mainstream” sites ie, Marketwatch, article after article is being trotted out pounding the table on why gold is a short, the rally is running of steam and more. Who are they trying to convince , themselves or […]
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Waiting for Godot

  • Posted by Allan Lederman
  • On March 1, 2016
  • 0 Comments
The gold market is slowly establishing higher lows and lower highs a clear pennant formation usually leading to an upside breakout. Today’s call by Soc Gen to short gold is another of big boys pounding the table about how bad gold is. Perhaps they are right, but gold is not quite ready to roll over. […]
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