[RT] Is the end near - Not for GOLD

["Stig O" <olausson@xxxxxxxxxx>]

I just don't get it.
What everybody is talking about, is wether they can pick the latest bear market rally, or if the bottom is in, when the real action is going to be  in GOLD!
Speculating (going long) in Bearmarket Rallies is the most dangerous thing you can do (even if you think you know what you are doing).
And Nasdaq!!!

Gold has broken the neckline of an inverted H&S pattern.
So has XAU (and it lead the action as it should)
http://stockcharts.com/def/servlet/SC.web?c=$xau

Traditionally, goldstocks has risen when common stocks are in a Bearmarket and we ARE in a Bearmarket - right?

Commmercials have been accumulating Gold and Silver since the beginning of 2000
http://www.yardeni.com/megatrades.asp
(look at the charts)

Short term Lease rates in gold has touched a 2 year high
http://www.kitco.com/lease.chart.html

We have the biggest shortsqueeze in history comming up.
http://www.gold-eagle.com/gold_digest_01/joubert031201.html

Bank of England is having their last auction today (when price has fallen back to the neckline in the XAU)
In the past, when price has fallen the days in front of the auction, the reaction afterwards has been bullish and v.v

The evidence is all over the place.
http://www.gold-eagle.com/gold_digest_01/schultz031401.html

I Mean, there are tons of bullish indcators for gold/silver and people are still Bearish!!!

While the Dow just penetrated the supportline  DOWNSIDE of a 4 month trading range which has been tested four times.
And we just broke out DOWNSIDE from a BULLISH falling Wedge (which usually generates powerful moves int the direction of the break)  and people are BULLISH!!!????

I just don't get it.

Stig






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