{"id":347837,"date":"2015-06-22T00:50:12","date_gmt":"2015-06-22T04:50:12","guid":{"rendered":"http:\/\/goldtadise.com\/?p=347837"},"modified":"2015-06-22T00:50:12","modified_gmt":"2015-06-22T04:50:12","slug":"well-gee-florian-isnt-bullish-is-he","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=347837","title":{"rendered":"Well Gee, Florian isn’t Bullish is he!!"},"content":{"rendered":"\n\n\n
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21st\u00a0of June 2015<\/h1>\n

Update<\/h3>\n

As expected Gold posted a rally towards US$1,205.70. While many market participants became extremely bearish two weeks ago I clearly pointed towards\u00a0the important\u00a0contrarian buy signals in CoT and sentiment. As well it looks like the Euro could continue to recover towards US$1.17 which should support the\u00a0precious metal sector.
\nI still think that the\u00a0bear market is not yet over but I am bullish for the next 1-3 months….<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\"CoT <\/a><\/td>\n<\/tr>\n
During the last five weeks the professionals (=commercial hedgers) have cut down their\u00a0short positions to a relatively low level. They did the same in the\u00a0silver market.\u00a0Therefore I think the coast is clear for\u00a0the\u00a0immediate\u00a0future.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
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\"The <\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Midas Touch Gold Model Summary<\/h3>\n

Last Monday my model switched to a <\/span>Buy\/Bull Mode<\/strong> for\u00a0the first time since mid of march!
\nThere are\u00a0new buy signals<\/span>\u00a0for\u00a0<\/span>Gold in USD-Daily Chart, Seasonality,\u00a0Gold in\u00a0<\/strong>Indian\u00a0<\/strong>Rupee<\/span>-Daily Chart,\u00a0Gold in Chinese Yuan-Daily Chart and\u00a0GDX\u00a0Goldmines-Daily Chart<\/span><\/strong>. But the real kicker is\u00a0the\u00a0dramatic change in US Real Interest Rates <\/strong>which\u00a0have fallen from\u00a00.71% down to 0.25%. This is an extremely bullish development for Gold. There are no new sell signals.
\nOverall the model is in Buy\/Bull Mode<\/strong> and Gold CoT-Report<\/strong> as well as Gold Sentiment<\/strong> are supporting a\u00a0summer-rally.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Gold Daily Chart<\/h3>\n

Short-term\u00a0Gold is meeting strong resistance\u00a0around\u00a0US$1,205-US$1,210. The falling 200-MA (US$1,207.58) as well as the upper Bollinger Band (US$1,203.63)\u00a0will certainly force some consolidation\/minor setback. Especially as the Slow\u00a0Stochastic\u00a0is getting slightly overbought.
\nBut due to the strong seasonality, the very pessimistic sentiment and a friendly CoT-report I see very good chances for a\u00a0summer-rally in\u00a0the coming\u00a0weeks that could take Gold towards\u00a0the next\u00a0strong zone of\u00a0resistance around US$1,240. Of course, as the overall\u00a0bear market is still in place I would not expect too much of Gold and this summer-rally will surely not be an easy ride.\u00a0As I have already explained\u00a0the bears need a “fully staffed\u00a0pain-train” again to push Gold\u00a0sustainably\u00a0below $1,170.\u00a0Unlike last expected at US$1,205 this train is not yet ready.
\nIf you\u00a0don’t\u00a0need to be active in this market I continue to suggest that you\u00b4d be better staying at the sidelines and avoid any short-term trading. A new low-risk\/high-reward trading opportunity could present itself later this summer if Gold indeed can post a rally in the\u00a0coming\u00a0weeks towards $1,240.
\nAs an investor\u00a0I suggest you to wait for another chance to accumulate physical Gold below $1,150\u00a0until you hold 10-20% of your\u00a0net-worth in physical Gold and Silver as an insurance.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

21st\u00a0of June 2015 Update As expected Gold posted a rally towards US$1,205.70. While many market participants became extremely bearish two weeks ago I clearly pointed towards\u00a0the important\u00a0contrarian buy signals in CoT and sentiment. As well it looks like the Euro … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2263,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-347837","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/347837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2263"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=347837"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/347837\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=347837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=347837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=347837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}