Gold’s ‘U’ Shaped Recovery and Silver’s CoT Report
Craig Hemke, Founder of TFMetalsReport.com joins me today to outline the general direction and long-term recovery in the gold price. Noting the chart below it looks positive for gold to continue its recovery but watch out for one more drop to get investors back interested.
Click download link to listen on this device: Download Show
Click here to visit Craig’s site for more metals commentary.
What a shock. The turd finally figured out who controls the direction of movement in commodities. To his horror, it was the speculators but he finally got it right. The specs make trades, the commercials cover them. And the specs buy at tops and sell at bottoms. One more wash out of the perma bulls and we will be off to the races.
I like the idea of “one more washout and were off”.
I cant help but think it happens during the doldrums.
Watch the XAU and HUI. They are close. We need all those people who believe that manipulation matters to puke up their shares. They can be counted on doing so at the bottom and often as with the Silver cots, will actually go short. They power the move higher as they cover. And eventually they will buy and we will know it’s another top. I love the people who believe that manipulation matters.
You are spot on Bob! A combination of the manipulation crowd selling and specs beings caught in a huge short position would be the bottom we are all waiting for.
Cory:
Actually it would be the climb we are all looking for. The market will continue down as they keep shorting. Then one glorious day the market turns and all those panicked short buy at any price. I love the speculators, they just give their money away.
Good thoughts guys and agreed. Most of the big moves higher start with shorts covering and up it goes, and then the momentum traders decide to jump aboard.
I’m looking forward to the short squeeze rally, when it arrives to kick off the next major impulse leg of this bull market.
Weiner, Christian, Moriarty…just saying.
Ira’s Metals
In the spirit of celebration of IWD:
$USAS $USA Americas Silver Corporation | We’re Going To Be The World’s Lowest Cost Silver Producer In 2018
InvestingNews – Mar 8, 2018 #VIDEO
“Americas Silver Corporation President and CEO, Darren Blasutti talks about important things investors should know about, what makes the company unique, and near-term milestones to watch out for. ”
$USAS $USA Americas Silver Corporation Provides an Update on Zone 120 Exploration Drilling
by @businesswire on February 26, 2018
This is also good stuff from TfMetals
https://www.tfmetalsreport.com/blog/8877/your-weekly-reality-check-jbsfc