The ones I am talking about are Rick Ackerman and Gary Savage. I would not say I believe them but I am just relaying their message. Happy! Enlightened?
Did one of them tell you that the MACD is rolling over :lol: I hate to be the one to break it to you but people selling a subscription service to give their sheep followers tips are just reinforcing a behavior of dependency instead of doing something productive like laying down a foundation of market understanding with the goal to ultimately being an independent thinker capable of making informed decisions from their own analysis. Even then what alot of so called educators have to teach is nonsense like wave theory, lagging indicators (first thing I saw on Gary Savage's website) and other crap that are derivatives of price and they probably don't make a living from trading. Nice try though
MACD rolling over - no I am rolling over in laughter as gold spikes $35. I don't subscribe to any service as I don't trade. Did you not get that ? I don't make a living from gambling I make it from working hard. If you want to gamble - its a free world. Good luck mate.
Gold's only up $4.xx over last Comex close. The $35 spike is the AUD losing ground on inflation figures.
If anyone is interested in learning about the COT report from someone who is widely considered to be knowledgeable on the subject (Larry Williams) in order to form your own ideas instead of regurgitating someone elses analysis, this video is worth a watch. Regardless of whether you trade or not you might learn something. https://youtu.be/o_G3oTuOGhw?t=7m35s
Thanks for the link, Aleks. For those who refuse to watch COT report and do any homework, let them buy, as much as they can. Sellers are abundant around US$1,200 :lol:
Golds futures based spot price component is % seen alot less than silvers, due to 2 other major market activists: central banks and ETF's with large institionals as holders. So the futures COT report says less about what is to come.