fantastic market reaction, page-83

"manipuation by shorters have been overdone here

im comfortable they will go elsewhere and play now that SLR has received so much attention they wont want to risk getting burnt"

Well the SPDR Gold Trust (EFT) was up and finished close to its high which supports this proposition. Physical demand is rocketing and apparently lags into the POG by a few months unlike to EFT.

No often you get the massive amount of churn in a stock (SLR) + a major double bottom in POG and not see an eventual change in the prevailing trend.

Not expecting this to happen automatically (read next week) from this point but it seems a higher probability punt with a 1-3 month view.