Short sqeeeze coming for gold?

bidask

1270 pivitol?

ricko

I think that is anyone really knew what would happen in the gold market, they would not be talking.... Cheers, RickO

derryb

lots of bets that taper will occur this week.

bronco2078

<< <i>lots of bets that taper will occur this week. >>




It's too late to taper this month

the FED already bought 37.4 billion in MBS through the 22nd of January.

derryb

an announcement for further taper is expected this week

C0INB0Y

<< <i>1270 pivitol? >>



Bidask, with all due respect there is only the Paper Price and guessing it short or long term is simply a waste of time.

As Germany found out in December when they only got 37.5 Tons back, there is no Gold.

Thus, despite that the Central Banksters have all declared 'gold as a relic of the past', someone *forgot* to send the Memo out to us peasants.

China isn't playing along, either.

I 'predict' the CME will in the near future, be forced to declare they can not deliver ANY Gold.

Then the price explodes up. Caveat: I think at that time you had also better be long Ammo and MRE's

EagleEye

I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.

jmski52

I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.

They say that the US only accounts for about 10% of world demand. That's not because there isn't money in the US. It's because they've done a pretty good job of diminishing gold's potential as an alternative to fiat. If any sizeable percentage of the population in the US decides that physical gold is safer than a government promise, all bets are off. To Rick's point, and as Coinboy already suggested - when gold can't be delivered on the CME it's very likely that the price will seek equilibrium in real time.

I'd rather be long than short in physical metals right now.

cohodk

<< <i>I think that for the market to turn around, this level needs to be held for a few weeks or more. I have been noticing more buyers than sellers in my shop lately. That is a small but good indication.

They say that the US only accounts for about 10% of world demand. That's not because there isn't money in the US. It's because they've done a pretty good job of diminishing gold's potential as an alternative to fiat. If any sizeable percentage of the population in the US decides that physical gold is safer than a government promise, all bets are off. To Rick's point, and as Coinboy already suggested - when gold can't be delivered on the CME it's very likely that the price will seek equilibrium in real time.

I'd rather be long than short in physical metals right now. >>




You said the same thing 3 years ago.

jmski52

You said the same thing 3 years ago.

There's a reason for that. And I'll be consistant by saying it again.

Nothing's been fixed.

I'd rather be long than short in physical metals right now.

bidask

<< <i>1270 pivitol? >>

hey the short squeeze materialized

Probably good for a move to 1350-1400.

derryb

<< <i>

<< <i>1270 pivitol? >>

hey the short squeeze materialized

Probably good for a move to 1350-1400. >>


The 1270 materialized. Look for a hit back below 1250. The bullion banks aren't ready to get squozed yet.

jmski52

News Flash! Congress has just announced that there is NO debt ceiling. Henceforth, all spending will be waved on through without adieu. Without so much as a passing glance.

Taper - Off! That's my prediction.

bidask

Another good day for gold......the squeeze is on!