shakeout coming, page-3

Tony999,

These gold bulls lick up everything Clive Maund has to say NORMALLY but this time he is ringing the alarm bells so straight away out comes a link to another article that shows COT is not accurate.

You can lead a horse to water but you cannot make it drink. That terminology has no greater relevance than that when comparing to the gold bull.

It has been proven with an extremely high correlation that Commercial shorts greater than 200K and OI greater than 400K have lead to declines. My bet is we will see capitulation in the $890's as this will be where all the stops are sitting and the Commercials know it! They also know that there are stops sitting in the $850's.

The formula for going bearish gold is as follows;

OI greater than 400K plus Commercial shorts greater than 200K plus 90% bullish reading in large speculators plus EW bottom for USD equals gold market carnage!