Highest open interest seen since 2008, short squeeze unfolding?
Edited by Russ, 23 September 2014 - 02:05 PM.
Posted 23 September 2014 - 02:04 PM
Edited by Russ, 23 September 2014 - 02:05 PM.
Posted 23 September 2014 - 02:48 PM
Posted 23 September 2014 - 03:23 PM
w/sentiment @ an extreme, seems to me no one believes the sector can go up.
dharma
Edited by Russ, 23 September 2014 - 03:25 PM.
Posted 23 September 2014 - 03:48 PM
Posted 23 September 2014 - 10:18 PM
http://bullion.direc...s-remain-short/
Highest open interest seen since 2008, short squeeze unfolding?
Posted 23 September 2014 - 11:05 PM
http://bullion.direc...s-remain-short/
Highest open interest seen since 2008, short squeeze unfolding?
I still believe there is potential for a 'super spike' higher before end 2014 despite the devastating price destruction.
We need to remember the nature of price action. Generally it lurks sideways or in small movements for long periods of time but then only during concentrated somewhat short periods do you really see the biggest moves that make up most of the progress of the advance. So for example price could make a 20 day measured slow cumbersome uptrend, but then catapult from that into a 500 dollar up move in 4 days in the gold price.
One still cannot rule out some type of crash type action in the stock market that leads to a massive funnel of cash transfer from broad market (sp500 etc) directly into gold. The conditions are ripe. We may see a super spike into early November 2014.
Imagine hundreds of billions of dollars surging into the gold price from the exit from broad market stocks.
Posted 24 September 2014 - 08:04 AM
Posted 24 September 2014 - 10:19 AM
Posted 24 September 2014 - 11:51 AM
i remember when so called analysts were saying 1500s was a floor for gold . well then india instituted the 80/20 rule and slapped a 10%tax on gold. the trap door was opened and gold fell below 1200
it seems to me one has to be alert and on guard in this market. anything is possible. i have not changed my thinking or my stance, i am a long term gold bull. i do think much higher prices will be seen @some point. right now, the market is oversold and sentiment is @extremes seen @lows.
that doesnt imply the market cant go lower, although the odds are against it right here.
a long time ago , i thought @ some point in the process of fiats being seen for what they are, i thought the dollar would be king for a period. w/japan and the euro as basket cases we are in that time right here right now. how long it lasts is a guess. but when it ends , i think gold will be ready for prime time
china has recently pledged 400billion to india to help build infrastructure. this is significant. imo india is and will be the leader in the gold market. gold is a part of hinduism. india also has refineries and an exchange planned. india, china, and dubai will form the center of the gold market. shanghai market which literally just opened is primarily a physical market
for those who want to hear gatas view on gold market manipulation , chris powell gives his presentation on the larry parks show http://www.gata.org/node/14469
i have my doubts , strong doubts , that this madness lasts until september of 15 , but these are desperate times and that calls for desperate measures.
we are either @or very close to being @ a bottom for gold
dharma
Posted 24 September 2014 - 11:56 AM