Gold 2013 ......a lack lustre year?

Nothing to do, the resistance of 1300 is confirmed as an insurmountable barrier for the gold. It 'obvious that a new liquidity outlook is needed in the market to push the quotes above resistances.

the liquidity outlook is a sell-the-trend liquidity....money managers being trend followers are now (likely) in the mode of open selling the trend while Commercials are holding the price up with their sizable open (interest) buy positions....the weekly build in their contract size is bearing this out......

a local cfd provider today shows 73% of common accounts are nett long clearly dsiplaying that the long-side mentality for retailers is alive and kicking....until this thread basically dies from a lack of interest we're likely to head lower...although a long period of attempted consolidation is due....

Futures Gold Chart Weekly

silver is even less likely for an immediate upswing

imo, of course
 
sentiment....aren't many trading silver in the cfd retail world, of those who are......wow, simply wow!

I call it the "no fear" trade...closer to hysteria :eek: :

silver is also the lead downside....arbs follow
 

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I,Kobby Mensha with full legal and corporate responsibility, and under penalty of perjury, with full knowledge of the act of fraud: and as the Seller or Authorized Seller’s Mandatory, are ready, willing and able to deliver the herein offered (Au) metal under the following terms and condition:

SPECIFICATION

COMMODITY : Alluvial Gold

FORM : Gold Bars

ORIGIN : Ghana (West Africa)

DELIVERY : Government Registers Refinery

QUANTITY : 100KG per Month.

PACKING : International standard export Package Boxes

PRICE : $32,000

PAYMENT TERMS : FOB

DELIVERY : Buyer destination

Skype : Kobby.mensha

BEST REGARDS
KOBBY MENSHA
SALES MANAGER
KOBBY IMES VENTURES LIMITED
P.O.BOX, CT 3293, CANTONMENT. ACCRA GHANA.
Tel:

Joules mm1 said:
where's my mastercard

priceless
 
the liquidity outlook is a sell-the-trend liquidity....money managers being trend followers are now (likely) in the mode of open selling the trend while Commercials are holding the price up with their sizable open (interest) buy positions....the weekly build in their contract size is bearing this out......

a local cfd provider today shows 73% of common accounts are nett long clearly dsiplaying that the long-side mentality for retailers is alive and kicking....until this thread basically dies from a lack of interest we're likely to head lower...although a long period of attempted consolidation is due....

Futures Gold Chart Weekly

silver is even less likely for an immediate upswing

imo, of course

This is the person who said that gold was a barbaric remnant of the past ... a bullish signal? Bernanke Ruminates On "Incomprehensible" Gold Prices | Zero Hedge
 
looks like the second half of 2013 is a relief rally

50% down 50% up ...all dressed up and no where to etc etc etc
 
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