Warning to All Goldbugs

Discussion in 'Gold' started by leon1998, Oct 12, 2015.

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  1. leon1998

    leon1998 Member

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    [​IMG]
     
    leon1998, Oct 12, 2015
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  2. leon1998

    leon1998 Member

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    This is a weekly chart on GLD (most popular gold ETF). We are probably reaching another top around 1,200 USD within next week. I am pretty sure CNBC and all other MSM will broadcast the news; "Gold tops 1,200!"

    Truth is, Banksters have been quietly piling up gold short contracts in the past weeks; gold futures report shows their short/long ratio is 1.6 now. Another smackdown is expected. :p
     
    leon1998, Oct 12, 2015
    #2
  3. sterling-nz

    sterling-nz Well-Known Member

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    I look for ward to see how this turns out.
    Nice to see you are getting over that silly single sentence post.
    I am even going to "say thanks" for the effort:)
     
    sterling-nz, Oct 12, 2015
    #3
  4. tolly_67

    tolly_67 Well-Known Member

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    I hope you are right!
    I want some SLR.
     
    tolly_67, Oct 13, 2015
    #4
  5. trew

    trew Active Member Silver Stacker

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    If he is right then slr might lose more money and go bankrupt
     
    trew, Oct 13, 2015
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  6. tolly_67

    tolly_67 Well-Known Member

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    Not in my dreams it doesn't......
     
    tolly_67, Oct 13, 2015
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  7. tolly_67

    tolly_67 Well-Known Member

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    Armstrong has the first resistance of gold at 1188 and a break above 1210 before we can get excited.
     
    tolly_67, Oct 13, 2015
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  8. Silverpv

    Silverpv New Member

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    I'm selling a little at resistance, just incase to lock in some profits (physical) since theres no shortage of gold. Otherwise, holding onto some cash isn't necessarily a bad thing!
     
    Silverpv, Oct 13, 2015
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  9. leon1998

    leon1998 Member

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    Good idea; between 1,180 and 1,240 usd/oz should be the range to SELL, instead of buy. :)

     
    leon1998, Oct 13, 2015
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  10. leo25

    leo25 Well-Known Member Silver Stacker

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    :lol: that guy has had resistance points everywhere.
     
    leo25, Oct 14, 2015
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  11. leon1998

    leon1998 Member

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    Gold futures just jumped to 1,172 USD/oz; it is getting there. :p
     
    leon1998, Oct 14, 2015
    #11
  12. monopolize

    monopolize Well-Known Member Silver Stacker

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    According to the trend on this chart, the next top in gold will occur when speculative longs are net long about 180k contracts. As of the cot report on the 9th Oct speculative traders are net long around 90k contracts. Still a way to run before the top is reached.

    [​IMG]
     
    monopolize, Oct 14, 2015
    #12
  13. aleks

    aleks Well-Known Member Silver Stacker

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    Who is taking the other side of large and small speculators positions?

    Look at that instead ;)
     
    aleks, Oct 14, 2015
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  14. Porcello

    Porcello New Member

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    Someone from the other categories (producers, swap dealers, etc.)?
    Or maybe Mr. JP Morgan himself?
     
    Porcello, Oct 14, 2015
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  15. systematic

    systematic Well-Known Member

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    [youtube]http://www.youtube.com/watch?v=YWyCCJ6B2WE[/youtube]

    There is always someone on the other side ...
     
    systematic, Oct 14, 2015
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  16. monopolize

    monopolize Well-Known Member Silver Stacker

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    Makes no difference. It'll just be inverted.
     
    monopolize, Oct 14, 2015
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  17. aleks

    aleks Well-Known Member Silver Stacker

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    Yes the commercials in aggregate


    Yes you are correct my mistake
     
    aleks, Oct 14, 2015
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  18. Silverpv

    Silverpv New Member

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    come onnnnnn break 1200 you SOB!!!
     
    Silverpv, Oct 23, 2015
    #18
  19. leon1998

    leon1998 Member

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    Today's weekly futures report showed, Commercial Traders increased their short position by a whopping 35,530 contracts.

    In summary, Banksters are mad; I believe another smackdown is scheduled. :p
     
    leon1998, Oct 24, 2015
    #19
  20. leon1998

    leon1998 Member

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    Past five weeks how much short position Commercials/Banksters have piled: (considering a weekly increase of 7,000 contracts being normal over past years)

    Week(9/25/15) : short increased by 18,353 contracts
    Week(10/2/15) : short increased by 16,358 contracts
    Week(10/9/15) : short increased by 14,215 contracts
    Week(10/16/15): short increased by 25,843 contracts
    Week(10/23/15): short increased by 35,530 contracts !!!

    Banksters have gone MAD, smackdown scheduled :p
     
    leon1998, Oct 24, 2015
    #20
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