Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (235157)	5/31/2014 10:28:54 AM
From: stuffbug	5 Recommendations Recommended By baystock dara Davy Crockett loantech Mario :-) Read Replies (2) \| Respond to of 313057

dara, no link. Personal email from someone who manages $15 - 20 million of family assets. Maybe a newsletter writer who follows the tape will publish something this weekend. Pull up a 30 minute chart of a large gold producer and look at the volume bars for the last half hour of trading. For example, Goldcorp traded almost 750K from 3:30 - 4:00 on the TSX yesterday. Wed April 30 - 267 K Fri May 2 - 170 K Fri, May 9 - 123 K Fri, May 16 - 381 K (options expiration) Fri, May 23 - 71 K I don't read Trader Dan any more - he is more concerned with his food fight against the gold parabola dreamers than about giving objective commentary. He also refuses to publicly believe in any sort of manipulation despite the overwhelming evidence right in front of him (millisecond trade confirmations, investigations of bankster fraud, bankster fines, ...) And I don't buy into his logic regarding the funds (large speculators). It is a chicken versus egg controversy. The large speculators won't be big buyers until the price rises - the vast majority of them are momentum players, aka price chasers. I can review a spreadsheet of the weekly COT reports spanning several months and tell you the price trend over that time frame without having to look at a gold chart. The funds went short big time this week when the April lows were taken out. If the banksters decide to reverse the gold price next week, we could soon see a gold short BBQ. I am not expecting a V bottom here, I think gold forms a base near current levels and then attempts to move higher. However, events in Europe / Asia (Russia, India) could speed up that process. For me, Modi is the key. When the Indian jewellery manufacturers can start to import all the gold they want, the gold sector will be on much firmer footing.