why, page-7

I like this comment re gold;
"I see the managed money short position, and it’s in bubble territory."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/23_Maguire_-_Stunning_$24_Premiums_For_Gold_In_Shanghai.html

He also makes an important observation re all the negative news on gold lately;
All the hedge funds selling, Soros selling, all the comments re gold bull is finished, GS dropping their targets, the hugely publicised death cross, multiple reasons why gold should fall, etc.
Funny how gold stated climbing as the news flow was peaking.

Sounds like all the crap you hear at the bottom of a market when the big players spin the crap so they can cover shorts or build longs as cheap as possible.

I saw a piece from Markets spectator that is typical.
So many seem to jump on a bandwagon of news flow even if they have no idea. Herd mentality.

http://www.businessspectator.com.au/bs.nsf/Article/gold-pricemarkets-investing-trading-pd20130222-567ZT?opendocument&src=rss

The first point about real rates rising will push gold lower, is not clear on the chart shown.
Compared to the tiny up tick in rates we are having now, there was a much larger and more sustained rise in real rates between 03 and 07 and despite that, the POG doubled from 400 to 800.

The same goes for inflation which fell between mid 08 until Nov 10. At that time gold rose from between 700 and 800 to 1400.

This guy should look at the charts properly before posting comments.

Fund managers exiting is supposed to be a reason for gold to go lower. It's actually bullish according to the COT charts that Maund provides which has proved a much more reliable indicator.
So that one must be the worst of this articles “indicators”.
Especially if you sell after the fund managers have finished their selling and they might be forced to buy back and/or cover shorts on the turn.

That article was posted on the 22nd. Just in time for the gold price to put in its bottom.