One very important FACT has been conveniently left out of the gold story...
What is it?
...that one thing that is the main reason for:
............
"Gold Bugs held hostage: Day 213"
It's a fact -- not a thesis, or supposition.
It's been ignored.
It's been spun.
It's been twisted.
It's been blatantly lied about.
...and it remains the single most important reason that gold
bugs are now in Day 213 of the correction from the
May highs in both gold the metal, and gold stocks.
One simple fact.
Jim Sinclair won't own up to it.
It's the reason "holding tight" and "crawling into a hole
and pulling a rock on top" -- didn't work and won't work.
And not one single pundit, gold newsletter writer, editor
or pretender on Kitco, 321 Gold, or Gold-Eagle has owned
up to it, or faced it.
The denial over this one single fact is the reason
that gold has languished in a now seven month
long correction.
It's the one factor that has capped gold and
gold stocks... even as the market is still awash in a sea
of liquidity and speculation.
It’s the one single reason that hedge funds have willingly
and continually sold into each and every single gold rally since May.
It’s the reason technician’s keep issuing “break out” signals only to see
the moves falter and roll over… again, and again, and again.
It’s the one single reason that gold has continued to correct even
into the face of North Korea’s nuclear tests, into Israel invading
Lebanon, into Iran’s saber rattling and even as the wish of all wishes
amongst gold bugs came true -- the US Dollar falling to the bottom of
it’s trading range.
It’s the reason for the brutal whipsaw that gold bugs have received
each and every time they’ve tried to jump back on the gold bull.
It’s the one thing that must change – for gold to make (and
more importantly) for it to sustain new highs.
…it’s a singular inconvenient fact so simple and so obvious to those
who are not blinded by their own DNA, but yet so elusive and invisible
to those who are.
I’ll share it tonight in a short, sweet and simple Smackdown.
SOTB |
