Fillmore re: Life & The Commercial Gold Shorts
re: What you need to know vis a vie - Life
review:
All I Really Need To Know I Learned In Kindergarten
by ROBERT FULGHUM
And on that note - all you really need to know about the Commercial Shorts - you learned during last Friday's classic smack down on Gold from the open and how the HUI Goldstocks responded.
Those wishing to minimize the message transmitted to the free markets via rising gold & goldstock prices - are doing a very good job skewing that message and the technical picture of the gold market.
The shorts only have to hammer a couple of the individual HUI components to keep the index under it's 200 dma... which creates a very artificial technical picture...and in turn keeps a lot of money on the sidelines.
This is the reason for the low sentiment readings as noted by Hulberts Digest amongst the Gold Newsletter Pundits... is because they've been blinded by a Skewed TA Picture.
As I pointed out yesterday, the vast majority of HUI components are already over their 200 dma's...and 14 out of the 15 index component stocks are now over their 50 dma's ...only HL is under at - 1.89%.
That the HUI index is still under it's 200 dma... is very misleading.
A very interesting battle is being fought in the Goldmarket...the HUI index itself is being kept under it's 200 dma - creating a very false Technical Picture...while there is strong accumulation amongst the bulk of the index components we "really" want to own.
Here are the individual HUI components and how far they've now rallied off of their 52 week lows:
Gold + 74%
MDG + 45% ....this Foursome is a damn nice mini-basket and
GG + 44% ....has outperformed its brethern for good reason.
HMY + 43%
KGC + 33%
GLG + 31%
GSS + 31%
IAG + 31%
EGO + 30%
CDE + 30%
GFI + 24%
FCX + 23%
AEM + 14%
HL + 12%
NEM + 9%
( - also the only 3 HUI stocks not at/near their 200 dma's)
fwiw: Those On, Long & Strong the Gold-Train...are salivating over that "smack-down" of Gold last Friday, about how the gold "Stocks" responded and about the present Short position in Gold from the Commercials.
When, not if...that Short Position will be properly utilized and levered up the proper orfice of the Commericals... just watch.
;)
Here is the REAL PICTURE of the "real" Gold Market:
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
Silver getting hammered down of late... and what type of money flow & accumulation/distribution are we seeing in CDE, PAAS & HL ?
all greeen !
stockcharts.com[l,a]daclyyay[da][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[da][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[da][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
Stealth Accumulation Bull in the Junior/Explorers as well:
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
"Vet" ...this one's for you...
stockcharts.com[l,a]daclyyay[db][pb50!b200!f][vc60][iut!Uc20!Lf]&pref=G
...all is not as it seems - especially if you are viewing the Goldmarket thru skewed Technical Lenses.
Rarely should one run, or be left on the sidelines when the Commercials load up short in times like these.
Quite the opposite.
- you dig in, buck up and say:
" 'monback"...as in "Back Up The Truck"
And if you look at those charts above... you'll see that some of us have been doing just that.
'monback !
PS: "TIC" = tic' toc`
Sinclair is spot on - vis a vie China "dumping" dollars via buying US Companies...
And how about a little "pOILitic's" update vis a vie why we're in Iraq building 14 permanent bases versus fighting Al Quaeda where they really are:
washingtonpost.com
Iraq been berry berry good for ole' HAL.
$` |
