gold, page-26350

The big shorts on the paper gold are in an impossible position now. The longs are on to the game and are using any pull back to dig in deeper not sell off and buy further contracts which are being held long term. They have essentially called the shorts bluff. Its a horrible situation the shorts find themselves in now. Time and events are against the shorts now. Any large price increase for varying reasons is likely to lead to a horrible outcome for shorts in the near term.

I agree Martis with you technical analysis and your US$1320 range seems to tie in with my long call at US$1338+ for gold (algo gap Trump election day). I also noted a few other technicals analysts mooting this region recently so the evidence mounts in varying circles we are about to witness a final breakout in Gold.

Gold to US$1338+ then on to US$1425+
Silver to US$19.01+ then on to US$23-27 range initially
US Dollar Index 95/96

JFI