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Ophir

11,173 Posts.

51

19/08/17

16:16

Post #: 26609403
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Originally posted by AverageJoe ↑

There is a message there Ophir. Always try to follow the smart money and never try to enter the Octagon unless you are aptly trained.

I looked at the COT yesterday and posted my opinion from another forum regarding what I thought I saw, OI has reduced dramatically. This is telling me the Commercials are more likely in buying mood. Not good for the continuation rally in gold and when you see that triple top potential, it was premature to celebrate a breakout at least until NY close. All of a sudden this has fired up the bears to look to find entry potentials to profit from the gold price falls.

Who know how far gold will fall or continue to fall from Monday but recent price action tells me the odds are firmly in the bear camp. Let's see if in the coming weeks there are bargain quality gold stocks. Ever notice the resemblance of BBX and Bre-X?

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Bacause it was bankstered down note how US$ & Wall St tanked it's an artificial price close & imo should be well over 1290 by Monday arvo ... The snorting bull has started raging. Bad with predictions but 1300+ is looking good by Wednesday

Last edited by Ophir: 19/08/17
2 Upvote

0 Great analysis

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