Loading ...HA…JUST WHEN YOU ALL THOUGHT FULLY WAS A MEAN OLD PERMA BEAR !
I reviewed the simplest of charts.
Weekly Linear Gold
Maybe we just needed a Good Old fashioned BOINK in the gnads.
AND…is almost exactly 5 Years from the Initial Horrifying Bottom in 2013….and we are Back at the same 1180 level
5 years to go Nowhere…is that Long enough ?
Today is the epitome of the Dead Cat Bounce
Feeble
Was a good trade though…. HGU …but I’m Out.
No conviction
Don’t forget the new poll…scroll down …on the right sidebar
How Ya Doin ?
Flag
Is it a Bull Flag >? could be… note the flag poll ( which was just an overnight spike)
OR
Is it a Bear Flag >?..( Half Way Pattern) …. More likely as it is forming in a downtrend.
Watching
In my native currency things don’t look so bad
Meanwhile, in Turkey…
Vote Vote Vote
Pretty crucial for the PMs at this point. Here’s an update to my chart on the sidebar.
COTs
Commercials are ALWAYS right
Specs are ALWAYS wrong .
Commercials have been at historically low short positions for a while now ( ie becoming Bullish)
What Happened to the above ?
Time to Bite a Long
