Today being Wednesday means that the odds of the high for the week happening today are only 7%, so that tells us that there’s a 93% chance of a higher high Thursday or Friday. If you are a bear you need to know that today isn’t likely the best day to short… besides daytraders of course.
@ the games ago of Trick, Flip Flop, Confuse people!
Yesterday a Fed Official came out & says September is correct to start interest rate increase!
Then today another comes out saying, maybe not…need more data to consider when to!
FYI..I’ve read a few months ago that Gold in parts of Europe is starting to be NOT sold, only purchased in at retailer dealers!
ALSO, read the Scare Tactic type of article that Gold might be outlawed & confiscated…
ALL very interesting!!!!!!!
Don’t know? Maybe they just didn’t want it in the hands of another companies vault like the Comex and wanted it safe in their own vault somewhere?
I’m sure they know that at some point in the near future gold will bottom and make a huge move up, which could force a run on gold to be physically delivered and Comex probably doesn’t have all the gold needed to meet that demand.
Today being Wednesday means that the odds of the high for the week happening today are only 7%, so that tells us that there’s a 93% chance of a higher high Thursday or Friday. If you are a bear you need to know that today isn’t likely the best day to short… besides daytraders of course.
Short term charts were oversold and I’m sure they used that good news to spark the rally this morning.
@ the games ago of Trick, Flip Flop, Confuse people!
Yesterday a Fed Official came out & says September is correct to start interest rate increase!
Then today another comes out saying, maybe not…need more data to consider when to!
Thanks,
That makes sense!
FYI..I’ve read a few months ago that Gold in parts of Europe is starting to be NOT sold, only purchased in at retailer dealers!
ALSO, read the Scare Tactic type of article that Gold might be outlawed & confiscated…
ALL very interesting!!!!!!!
Don’t know? Maybe they just didn’t want it in the hands of another companies vault like the Comex and wanted it safe in their own vault somewhere?
I’m sure they know that at some point in the near future gold will bottom and make a huge move up, which could force a run on gold to be physically delivered and Comex probably doesn’t have all the gold needed to meet that demand.
The CFTC report showed a big reduction in Gold Shorts positions last week FYI
What is YOUR behind the scenes THOUGHTS on why the JP withdraw???
Days without a new high: https://pbs.twimg.com/media/CLl49VvXAAAT5Vx.png:large A breakout (or breakdown) is very, very overdue.
One heck of a puzzle.The landscape after the pieces are put together won’t be pretty. Something to add from Joanne Klien stockcharts public site https://uploads.disquscdn.com/images/a993550fce10053a967d46efa68f678b7a89c4bab466d5f4c97d1cc983e0094d.png
At the same time that commercial traders have cleared out all their shorts on gold (at the bottom of that link: http://www.clivemaund.com/article.php?art_id=3521) you have JP Morgan withdrawing the largest chuck of their gold from Comex… very fishy. http://srsroccoreport.com/big-chunk-of-jp-morgans-gold-holdings-withdrawn-in-one-day/big-chunk-of-jp-morgans-gold-holdings-withdrawn-in-one-day/
Very good article there. Just figuring out the timing of this event is the hard part.