gold, page-70136

I believe we are now going to see a 20-25% fall in gold stocks.

All the better stocks have now hit resistance (e.g. SLR, NST)

A few more of the non-producers may go into a down trend with this next push lower.

Consolidation is filling fast and one of the first to break will be SAR. Not sure which direction.

Could be some double bottoms coming up or a lot of sideways action .

Bullion suppliers are rapidly running out of stock.

It appears to be margin calls still having an effect on spot pricing.

This is causing liquidation in ETF’s in particular. If these are physically backed, where is the metal disappearing to? Did it exist in the first place?

It should be coming onto the market but there are now delays of up to 8 weeks on certain products.

There will be delivery issues but the situation is totally unclear.

My greatest concern is the chart is sitting on the lower part of the range suggesting a sector down trend.

Would like to see it move up above the 50% mark.

Here we go again.