21
April
2013

THE 4-12 COUP ON GOLD

About "Rats" between a rock and a hard plate...

Where does technical analysis go hand in hand and where do they fight each other!...

The point and figures chart for $-Gold which we publish on the site showed a BEARISH TRIANGLE (click on the chart to enlarge) and yet, I decided against a SELL and for a BUY advice. In a normal situation we would not have hesitated to advise to issue a sell advice for Gold. In this particular case however, there was a divergence between the technical data or futures markets and fundamentals of the physical markets.  The futures (paper market) signaled a sell but the physical market (catastrophic decrease in LME, COMEX, JP-Morgan, CME stocks) cried out to buy.

GOLD brearish triangle apr13

The Gold Roller-Coaster explained:

Gold monthly 2003

more in the subscribers' section...click here

 

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