Hi Ophir,
Just a few thoughts as I head out for a busy day ahead. I suppose you're off to church, maybe you can request divine intervention..
US Inflation is up
Housing starts are up
SPDR GLD inventory is down 11 tonnes, off the chart
An interest rate rise is not far off
Gold indices are their lowest level since 2003
Greece, Ukraine and other global 'emergencies' have moderated
Major support is broken
Stocks are up
USD is up
The 'China has thousands of tons of gold' myth is dead
The gold long position is the lowest since 2006
Record short positions
Chinese demand is down
Indian demand is down
But don't let me discourage you from 'backin' the truck up', I'm sure you're a man with a plan. Have a nice day.
