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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Rarebird who wrote (105185)3/21/2014 12:11:06 PM
From: Real Man  Read Replies (4) of 217588
 
Gold declined from the top of the bearish
fork from 2011 after a small fakeout.
So far went through important
levels captured like a knife through
butter. A new low will not surprise me.

I am watching gofo swap rates (gold/USD). During the past year gold fell every time it went out of backwardation, on
excessive shorting by the swap boys.
Right now gold is not in backwardation,
so it is falling.

Something has to change, or else new
lows could be next. Gold is an artificial
market controlled by swap derivatives
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