Loading ...“we forget that gold at 1550-60 today didn’t require the trip down to 1350-1450 that all the anal-Lists said had to be visited first..”
Yeah, a lot of respected guys said this from Murph’s and other site’s who’ve been right about the downside corrections for a long time. Really, there’s a bunch of things going against us – COT’s, strong SM, charts, etc.
Somehow though, there seems to be a strong buying effort below the metals and the shares that we haven’t seen before. To be honest, I’ve never seen the COT’s this lopsided for this long without a huge correction, so either we’re getting played by fake numbers, or the buying on the other side in the paper markets is intended to keep the banksters at bay and it’s working.
Crazy stuff, but been good to see. Not so depressing to watch as it has been for the last 8 years.