is the gold bull over?, page-12

there's no evidence that a few hundred tonnes of paper gold was dumped in the futures market. That's cuckoo fairytale stuff peddled by conspiracy quacks.

Where's the evidence? Did open interest suddenly surge to reflect this dumping. Of course not.

in fact a forensics analysis of the futures data indicate that it was physical supply hitting the market. So where was it coming from?

I think that's pretty obvious, a perfect storm and complete surrender.... prior investors dumping anything gold related... physical, ETF's, gold stocks, everything in sight. Check out the massive volumes across the board, TOTAL CAPITULATION.

These former gold investors are buying general equities and European bonds, imo. They've given up... but new buyers have entered the scene supporting the gold price. That's the GOOD news.