These guys don't come out frequently enough with their calls, but when they do, its pretty dramatic. The charts shows, on a weekly chart, the phenomenal BEARISH ascending triangle. That is one of the most precarious charts I have EVER seen.
Before it potentially collapses, it should crawl up a bit, but then, WHAM.
Course the maraschino cherry indicator was the bought and paid media reporting in globally yesterday that billionaires were taking delivery of gold. That was like shorting oil at the point that Katrina hit Louisiana.
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