Friday, April 01, 2016 11:31:01 AM
The reason that gold and silver are not screaming higher against the
most bullish of fundamental backdrops is clear:
the bullion bank traders are under orders to clip another $50/oz for
their Q1 P&Ls, and as we close out Q1/16, despite
gold having the best quarterly advance in over 25 years,
it is still $50 off the highs.
Stick to the guns; gold MUST have a pullback that shakes out all of
the latecomers to the party and gives us all a healthier entry point.
All those cynics who were skeptical back in December when a few was
pounding the table and doing a table-dance on the city hall steps have
gone from bearish to bullish in a short three months because they only
got in AFTER the HUI skated up the ice over the 170 blueline and
are now flat with momentum rolling over.
They want the puck deep but it gets dumped back into the neutral zone
first while they head for the bench sucking wind and hollering for the
Gatorade.
Let us pray for turn around. . .
Amazing historic Golden Cross in $SILVER:
- God Bless -
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