Gold Bears Press Bets Inward Tape Numbers
Noooooo...
What nosotros desire is expiry past times boredom, similar that 1999 - 2002 menstruation when United Kingdom of Great Britain as well as Northern Ireland sold its gold:
We've been babbling nearly an ultimate bottom of $875 for the shiny stuff, always since the Financial Times' Izabella Kaminska pointed out an interesting correlation inwards her post dated Dec 7, 2012: "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Spot Gold Down $21.80 equally HSBC, Credit Suisse Lower Forecasts (GLD)".
Three months later, Apr 2013 nosotros followed upwards witth "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Gold Hammered to fifteen Month Low on Heavy Technical Selling, Weak Long Liquidation":
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Commodity Investors And the Kübler-Ross Model of Grief (or why gilded could become lower than our $875 target)
And Dec 2015's
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's ""More Gloom & Doom For Gold & Silver In 2016 – Deutsche Bank Outlook"
We've been looking for $875 since 2012 as well as frankly, the delay is cutting into annualized returns....
December 2014
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's ""Strong Second Half Of 2015 For Gold - Financial Astrologer Mahendra"
Most active (Feb) futures $1177.50 downward $2.30. We give-up the ghost on to target $875 although it is getting irksome to give-up the ghost on typing this....
March 2014
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Gold On Its Way to $875
$1311.20 last.
We've been blowing this horn for a while*:
So, we're non some ursa-come-lately, no sirree. But plenty of the past, on to the headline storey which scares the brusk out of me:
ZeroHedge, July 26, 2018:
Gold Bears Press Bets In Record Numbers
Gold shorts are close a tape high equally saturating bearishness sets in.
What nosotros desire is expiry past times boredom, similar that 1999 - 2002 menstruation when United Kingdom of Great Britain as well as Northern Ireland sold its gold:
We've been babbling nearly an ultimate bottom of $875 for the shiny stuff, always since the Financial Times' Izabella Kaminska pointed out an interesting correlation inwards her post dated Dec 7, 2012: "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Spot Gold Down $21.80 equally HSBC, Credit Suisse Lower Forecasts (GLD)".
Three months later, Apr 2013 nosotros followed upwards witth "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Gold Hammered to fifteen Month Low on Heavy Technical Selling, Weak Long Liquidation":
Woulda, coulda, shoulda.
If I had been paying attending when Izabella Kaminska wrote "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Spot Gold Down $21.80 equally HSBC, Credit Suisse Lower Forecasts (GLD)"
Here's the trading from that day:
As you lot tin see, my idea procedure was something akin to "Saaaay, something appears to live happening amongst gold". We merely hadn't been paying attention.Well, gilded got downward to that $1525 as well as quite a flake lower, working from retentivity $1050 inwards Dec 2015 rings a bell as well as nosotros popular upwards from fourth dimension to fourth dimension amongst the $875 target. Here's July 2015's
On Feb. fifteen amongst "Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Gold Is Approaching a Waterfall Decline" at $1627.90 I finally got closed to to posting the adjacent target:
The adjacent expanse of back upwards is all the means downward at $1525 from May 2012.Better slow than never, right? Right?
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Commodity Investors And the Kübler-Ross Model of Grief (or why gilded could become lower than our $875 target)
And Dec 2015's
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's ""More Gloom & Doom For Gold & Silver In 2016 – Deutsche Bank Outlook"
We've been looking for $875 since 2012 as well as frankly, the delay is cutting into annualized returns....
December 2014
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's ""Strong Second Half Of 2015 For Gold - Financial Astrologer Mahendra"
Most active (Feb) futures $1177.50 downward $2.30. We give-up the ghost on to target $875 although it is getting irksome to give-up the ghost on typing this....
March 2014
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "Gold On Its Way to $875
$1311.20 last.
We've been blowing this horn for a while*:
ZeroHedge, July 26, 2018:
Gold Bears Press Bets In Record Numbers
Gold shorts are close a tape high equally saturating bearishness sets in.
The Wall Street Journal reports Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's "This is How a Competent Central Bank Does it: Swiss National Bank Seen Selling Euros (EUR/CHF)
It certain beats the hell out of the Gordon Brown approach.And 2012's
On May 7, 1999 Britain's Chancellor of the Exchequer, decided to sell 60% of the country's gilded reserves. The toll of the shiny materials had been inwards refuse for 19 years, falling from it's Jan 1980 high gear upwards of $850 (I seem to shout upwards an $875 impress inwards Hong Kong, but it was a long fourth dimension ago) to $282.40 on that May Friday.
Not solely did Brown produce upwards one's require heed to sell after a 67% decline, HE ANNOUNCED HIS INTENTIONS IN ADVANCE.
Capping the gilded price" which nosotros finally caught upwards to inwards Jan 2013's ""Revealed: Why Gordon Brown sold Britain's gilded at a knock-down price"
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