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clock Created with Sketch. 15/03/16
01:16
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Originally posted by mainholm
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Last nights action in the Comex was a good sign for the POG. As expected, there was an attempt to sell down the POG. Support was strong at $1245 and it made a nice little recovery under strong shorting pressure. To my eyes that indicates there is a strong underlying positive sentiment supporting the POG in the futures market.
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The attack that I expected is on as I write. They have dumped about 22k contracts in 20 mins trying to break the $1245 resistance zone. That is about 2.2m oz of paper gold.
(20min delay)