GOLD - SHORT; SELL it! pour COMEX:GC1! par Nemo_Confidat

GOLD - SHORT; SELL it!

At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not;

1) Charts (price action) don't lie;
2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?)
3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary;
4) The Gold/Silver Ratio;
5) Feel free to make up your own reasons.

The Gold / Silver Ratio

Note

Here is the old post;

GOLD - SHORT; The rise of the U$D will crush the Metals! ...

Have been short gold for the past $180. Worked out well!

Note

Here is the Gold / Silver Ratio Weekly

Trade fermée manuellement

FLAT - for now; $0.0 (Scratch)

Going nowhere fast, here. We'll be back at it.

Transaction en cours

SHORT

Short for now. But...

Trade fermée: cible de profit atteinte

FLAT; +$31.00

Note

This is indicating indecision here! (The G.S. shows Up, everything else calls for a dump!)
We'll wait for the weekly open and at the first sign of weakness, will Short this something fierce!
Incidentally, The SMI sentiment in the PMIs indicates a top in the equities, E.g. a bottom in the UD. Which will make this a Short for quite some time to come!

Transaction en cours

SHORT

Trade fermée manuellement

FLAT; -$3.00

Trade fermée: cible de profit atteinte

FLAT - for now; +$24

Note

The only reason we closed out the Gold Shorts, here, is because of a large Short position in silver, being the primary PM trade. See thi post;

Otherwise, stay SHORT! - in no small part because of this;

Transaction en cours

SHORT

Trade fermée manuellement

FLAT; -4.00

Transaction en cours

LONG

Note

Ordre annulé

See Current Post;

GOLD's technical path for the next 24 months

Nemo_Confidat

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