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Politics : Technical Analysis
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To: Robov who wrote (5736)4/7/2013 9:49:14 AM
From: Beam  Read Replies (2) of 14245
 
Rob -- Sinclair's view that the Feds are about to manipulate gold upward would appear to dovetail with your post discussing the record number of new long contracts coupled with a rapid decline in short positions.

If Sinclair is right, and the Feds/CBs are now trying to halt further draining of gold from western vaults via higher metals prices, then I imagine the miners will be the greatest beneficiaries of this new strategy, being that the sector is so oversold.

I think the juniors have the biggest percentage upside potential of the sector, with MUX well positioned with cash, properties and legendary management, to stay at the top of James' daily list of gainers. There's been a lot of very good drilling results out of MUX that didn't help it's stock price at the time of the PR releases. But I have no doubt at all that the results are well considered by knowledgeable sector investors of all sizes.

This could be a very interesting week. If Sinclair is right, and the Feds do suddenly pull their switcheroo -- we might just be in for a wild ride -- and perhaps some, hopefully, breakaway gaps.

One thing I'd like to see the board discuss -- does the US Treasury actually have any physical gold in its vaults? Will other countries force the Treasury into a verifiable audit in order to bolster confidence in Western CBs and the US dollar? And if Sinclair's scenario plays out -- will this be the first step towards returning our currency to some sort of gold standard?

Opinions anyone?
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