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Strategies & Market Trends : ahhaha's ahs

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From: ahhaha	12/3/2013 4:25:18 AM
	of 24758

The eye in the pyramid never sleeps. Yesterday gold fell quite a lot on extremely small volume. It sold to a bottom on 3500 contracts with OI of 6770, down from 220,000 OI on Nov 1. This indicates that a load of speculative longs who got long in the summer finally totally threw in the towel. The universal view is that it is impossible for gold to rise because there's no inflation! I challenge anyone to find a legacy product that isn't inflating, and labor is catching up rapidly. How is this conundrum possible? It must be that inflation leads irrevocably to higher interest rates and higher interest rates are anathema to gold. If that's the case, then I submit that the collapse of gold is synonymous to a rapid rise in rates. What will that do to the stock market? What must FED do? What will gold then do?

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