@ some point we are going to have a correction, its healthy, its part of the process. there are 2 things that have caught my attention:
1 for the last several months , deliveries on the comex have been increasing. comex made an agreement w/london , if they want/need the gold they can take it/borrow it from london. seems to me there may be a short squeeze developing.(heads up)
2 since i dont see gold being sent from switzerland to india , i thought india has been quiet. well that is not the case , the indian market has moved to almost entirely black market mode. normally when the price moves up , they wait , adjust to the new price and come back in. that has not been the case. they have been steadily in the market . the strong part of the buying year is coming up w/the indian festival season so demand will be there
the complex remains strong and well bid for physical . will the banksters be squeezed? are they being squeezed?
also note dba has moved off the base on the bottom. i have thought late august is when this market should start to move i have done several purchases in the base. mcClelland s piece was interesting to me