cots
#1
Posted 12 December 2014 - 03:37 PM
commercials more short gold large specs more long gold
sharks going to feast?
commercials more short the dollar
and more short silver
not very friendly from the cot point of view
kaumbha
dharma
#2
Posted 12 December 2014 - 03:43 PM
#3
Posted 15 December 2014 - 12:12 PM
the fed speaks on wednesday, the commercials have positioned themselves for the verbal bashing.
oil continues to search for a bottom.
i found this piece interesting http://johnbatchelor.../09/second-hour
the last low ,1130 , was met w/some buyer , taking on all comers. it doesnt matter really, the main point is the center of the gold market is shifting from london/ny to india, dubai , and china. lloyd blanein came out , on cnbc, saying that china is the center of the world gdp. in the usa gdp is in the 2-3% range, china is in the 4-9% range. sure they will not have the same standard of living on an individual level. but their influence world wide will be enormous. i also think india w/its billion + people will have a big influence. their inflation #s just came out and they were below expectation. now the choir is to lower interest rates, which i think will happen in 1st 1/2 of 15 .
as for new lows, we shall see.
dharma
#4
Posted 15 December 2014 - 03:10 PM
#5
Posted 16 December 2014 - 11:24 AM
#6
Posted 17 December 2014 - 10:38 AM
#7
Posted 18 December 2014 - 10:35 AM
#8
Posted 18 December 2014 - 04:23 PM
tuesday the gdxj made new lows, no other min,ing index followed . yesterday the mining indexes were all up over 7%. for all those who can value a miner
these miners are really cheap. i do see gold demand picking up in india and the far east. the official 150tons from india is only a glimpse of what is to come.
yesterday fed head said that most of the fed was onside for a rate hike in 15 , i think w/oil prices in the tank, @some point in 15 india will be lowering its interest rates.
they are about to get richer. i do tend to agree w/marty that the move into usa stocks is a move towards the private sector away from govt.
right @this juncture it seems to me gold has more work to do. its not ready for prime time. but, the pieces are falling in place for a higher gold price.the parabolic is years away.
i do think the miners will lead and seek higher ground in 15 . even w/a flat gold price. keep in mind miners are near the prices of 08 when gold was 700 oz.
dhamra
" keep in mind miners are near the prices of 08 when gold was 700 oz.:"
Perhaps even more bullish is that the AISC of the majors are much lower now than when Gold was at 700. ABX has lowered its' AISC 3 times in the past year. NEM has lower AISC too. There will be a pleasant surprise when the next downward revision comes around the time of next EPS report guidance, with a major component of costs being fuel costs lower now with Oil at 55. Last revisions were when Oil was in the 80 90 range.
#9
Posted 19 December 2014 - 12:53 PM
Edited by dharma, 19 December 2014 - 12:54 PM.