tag:blogger.com,1999:blog-5673441815180854503.post8312291318777600127..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: The gold correction isn't overLouis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5673441815180854503.post-25890844060311441862013-02-18T04:41:35.779+00:002013-02-18T04:41:35.779+00:00I think we are getting close to a short term botto...I think we are getting close to a short term bottom at least, the commercial net short position is lowest it's been since August last year when Gold rallied $1600 to almost $1800. We saw decent volume on Friday which would have likely seen this position further improve the commercials positions (reduce net short). It broken an important figure which would have cleared out a lot of speculators. If Friday wasn't the bottom I suspect it is close.<br /><br />Re cup and handle, Warren see this chart here (not mine):<br /><br /><a href="http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=2&g=0&id=p24402620767&a=286929417" rel="nofollow">http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=2&g=0&id=p24402620767&a=286929417</a><br /><br />Bullion Baronhttps://www.blogger.com/profile/10326839149017875755noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-85881412084010411172013-02-17T18:41:16.180+00:002013-02-17T18:41:16.180+00:00Thanks GM.
Ok if I post some chart links? Gold, s...Thanks GM.<br /><br />Ok if I post some chart links? Gold, silver and crude 5 year weekly with COT data at the bottom. If the trend continues, gold is getting close as far as the commercial shorts are concerned, silver no where near. Crude still going strong but the Large's are really piling in.<br /><br />http://i96.photobucket.com/albums/l173/barnz008/gold_zps98131811.png<br /><br />http://i96.photobucket.com/albums/l173/barnz008/silver_zps51ca4998.png<br /><br />http://i96.photobucket.com/albums/l173/barnz008/crude_zps36f4cba3.png<br /><br />Personally, I'd like to see everyone and their sister off the bus '08 style. High volume, GTFO type action. But I somehow don't think it will happen.<br /><br />Oh, and APMEX now has plenty of 2013 ASE's which they bought back for $2.50 OVER spot a few weeks ago. In fact, they were in such a tissy to tell everyone on their email list to buy sub $30 silver that they didn't even have time to run the spell check: hurry, get your "sivler" today! You just cannot make this shit up.Funky Tapehttps://www.blogger.com/profile/09271221564702147756noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-83400444434805439212013-02-17T13:11:55.023+00:002013-02-17T13:11:55.023+00:00Turd says 1500 won't be broken, I think. But R...Turd says 1500 won't be broken, I think. But RSI is in the toilet right?<br /><br />I agree, sideways seems like the best bet right now. Silver had better put in a sudden and stellar performance if it's to do the 30-year cup & handle formation I've been wanting, looks like a washout so far.<br /><br />p.s. I need some hours on your super computer cluster, trying to crack the password on the 2007 SLV PDF ;pWarren Jameshttps://www.blogger.com/profile/00631403827559820571noreply@blogger.com