history repeating?, page-59

Harvett it's an interesting dynamic...

I think those that have been long gold since the bottom at around US $1180 have seen the smart money coming into the sector. Some of these companies are starting to attract institutional investors which is positive.

The FED seems inconsistent with some of their future guidance and these mixed messages from the FED is shaking confidence. Yellen has looked extremely awkward in giving guidance and the FED appears indecisive.

The US markets are again at or near all time highs. The smart money has already come out and some have made it known they are now shorting heavily (Soros).

HC is full of ST traders at the moment and that's indicative of the gold market in general. People have been burnt on gold's bull market correction over the last couple of years and they are nervous.

These ST traders just play the trend and try to effect sentiment on public forums such as HC. I certainly don't blame them it's just the way it is. The fact is that they have no effect on the overall trend and that's all I'm interested in. Most of them can be identified easily ignored. I'm not interested in the market noise.

I certainly don't listen to MSM as more often than not they simply have no idea. I read an article recently about plummeting demand for gold out of China..... Yes I had to chuckle at that one.

India looks like it's going to relax tax on gold so pent up demand should come back on market and together with China the physical side of fundamentals never looked more bullish. Not to mention Iraq CB buying and a host of other CB's which has been discussed previously.

Higher highs and higher lows....