[edit] I forgot to mention that open interest (green line) in gold is fading and in silver it is tanking. In my experience (though no expert) that goes hand in hand with what will be a coming contrary buying opportunity in silver that (my opinion) could be epic. Gold was expected not to be near the end of its improvement trend toward a contrary bullish … Continue reading Gold and Silver CoT, not yet fixed [w/ edit]
Better yet, don’t avert your eyes. You need to see this. The pictured Amigos seem of a different, more innocent time. See their wackiness. See them smile. See them full of life. But each Amigo, especially Amigo Ag and Amigo Cu, look like they were bracing for something in this picture. Amigo Au is just charging forward, blissfully unaware, although he too has got some … Continue reading 3 Metallic Amigos… please avert your eyes
It doesn’t include this morning’s little bump, which sees it trying to take back the daily SMA 200. But regardless, the gold price is in a zone between major resistance and major support after a false breakout above resistance. It’s going to test one of these again at some point, and probably soon. In other news, I still can’t get that stoopid Phil Esposito interview … Continue reading Super simple monthly chart of Gold
