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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (41097)2/19/2013 9:43:15 AM
From: Wade1 Recommendation  Read Replies (3) | Respond to of 48092
 
Looks like POG is stabilizing at here for the ST. We shall see.
Kept on adding to my silver panda collection.

coinweek.com



To: rubbersoul who wrote (41097)2/20/2013 12:47:07 AM
From: rubbersoul6 Recommendations  Respond to of 48092
 



Here's the full report from GGR. Well worth a look:

Bottom Line:
Here’s the executive summary:

  • ? Gold blew through the stop herd in the $1,630s and tested the high $1,590s, closing just above $1,600 mainly on the selling of short contracts by Managed Money aka The Funds.

  • ? The Funds are pulling a short raid while hanging onto their long contracts, a tell.

  • ? The Legacy Gold LCNS.TO has entered the top of the zone we consider bullish in a

    contrary sense. That occurs frequently at or very near gold lows.

  • ? The producer Merchants are at their lowest net short gold position in years. The lower

    the LCNS the more likely gold is about to turn higher.

  • ? Managed Money traders are at a very low net long level. Similar to where they were last

    summer with $1,580 gold.

  • ? Managed Money “got there” by putting on a record high gross short position, about half

    of which was added only in the past three weeks with gold then from the $1,650s to the

    $1,690s.

  • ? Very high MM gross short gold positions have usually been very short term events. They

    are usually very bullish in a contrary sense, but they scream to us that the futures market has now become hugely imbalanced – and therefore dangerous to both sides of the battlefield, very short term.

  • ? Extremely high Managed Money shorts in futures are normally the highest of high octane rally fuel for gold.

  • ? Managed Money chose to put on the extreme high level of shorts for gold, but not, repeat NOT for silver futures, another tell we believe.

    treo.typepad.com





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