Let’s hear what Doc has to say about the gold market
Click download link to listen on this device: Download Show
Doc made this call a while back!
It looks like more mind games being played with physical longs. Trying to demoralize them.
ditto….STEVEN
IF PEOPLE do understand why they HOLD GOLD then these attempted mind games shouldnt phase the investor one “IOTA”….if people are panicking they should REALLY think of why they hold on to GOLD in the first place………
Agree San Diego
Marc…….does not phase me one IOTA………I Obama T A……..EQUALS= It’s Obama’s terrible administration……….
CLOSING OUT THE DAY 1319………they sure tried to wack it down………end of day………..no luck………….GOLD ..above where it started…….GOOD SIGN……………
Yes it is slightly, but slightly is better than not!
What time did you guys record this?
A bit earlier. Sorry, Jerry, we will be getting them up almost immediately after we record from now on.
No problem Al….I was just wondering …..thanks jr owl
jr owl?
We are now in the vanguard of a reakdown in prices between Shanghai and London/N.Y.
First Palladium.
Next Platinum.
Silver will follow and then Gold, BEFORE the year ends.
http://jaytaylormedia.com/media/taylor20140708-4.mp3
Doc,
I agree that gold needs to go down again as i see a gap at 225 hui that needs to be filled.
Also im in the camp that we have two scenarios that can work out.
Scenario #1 We head lower like you said towards end of week possibly into next week or two and then a turn.
Scenario #2. We head higher tomorrow and we get like gary says a stretched cycle that can take us into that 1330/1360/1400 zone and then the final retrace before igniting. Im thinking the latter Doc. Two different tales with same outcome. We both know that gold needs to head lower at some point.
Also may I add that the short position you speak off may well indeed by the fuel to ignite the big move that sooner or later will come. At some point the shorts will be on the wrong side of the trade and that will be the massive short squeeze that will push this higher. Question is will the shorts succeed this time around?
Food for thought.
I think these passing weeks show that the short selling are not aggresive enough. Its like short sellers are too afraid to lose … or might be waiting at higher price … not only to increase their profit but also to cover simultaneously their previous losses or on paper losses. If buyers are willing to be patient enough and put target price increase of $5 daily… short sellers would not have any odds to prevail. The situation right now may be the best trilogy… because still only few investment funds are buying … hopefully they will buy late and in panic terms … so the price appreciation will be greater
With all the bad data… just cant believe how stupid and reluctant these funds are. This is a real absolute permanent ultimate brain washing disease hitting fund managers. Just may be also many of these managers are into stocks and bonds individually or by proxies … interest contradictions … fund managers are themselves trapped… thus bring along their managed funds to the edge
Good call Doc. I happen to agree with you.