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Thread: Banksters on massive short position against gold, again

  1. #691

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    Quote Originally Posted by Comet View Post
    Down a little more? Pm stocks to follow later?
    The final shake-out is DONE; just when you start to wonder more downside

  2. #692

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    Quote Originally Posted by leon1998 View Post
    The final shake-out is DONE; just when you start to wonder more downside
    $1254 and bouncing . . .

  3. #693

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    Friday again, CFTC (Commodity Futures Trading Commission) released the weekly gold futures report: June 26, 2018
    Below is the data breakdown: (each contract is 100 oz)

    Large Speculators reduced LONG position by 13,245 contracts; increased SHORT position by 6,595 contracts.
    Banksters reduced SHORT position by 9,723 contracts; increased LONG position by 10,059 contracts.

    Producer/Merchant/Processor/User: not much movement, physical sales of Gold must be muted, in the past week. It might be different this week though.

    The falling price is stalled around $1250, which is a major support level. And the bounce has begun, since Banksters have been adding long exposure in futures market. Rebound target in 1290 area, and the earliest time frame is next week.
    Last edited by leon1998; 06-29-2018 at 02:36 PM.

  4. #694

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    Quote Originally Posted by leon1998 View Post
    Friday again, CFTC (Commodity Futures Trading Commission) released the weekly gold futures report: June 26, 2018
    Below is the data breakdown: (each contract is 100 oz)

    Large Speculators reduced LONG position by 13,245 contracts; increased SHORT position by 6,595 contracts.
    Banksters reduced SHORT position by 9,723 contracts; increased LONG position by 10,059 contracts.

    Producer/Merchant/Processor/User: not much movement, physical sales of Gold must be muted, in the past week. It might be different this week though.

    The falling price is stalled around $1250, which is a major support level. And the bounce has begun, since Banksters have been adding long exposure in futures market. Rebound target in 1290 area, and the earliest time frame is next week.

    Yup -- looks like that bounce (last 10 hrs) -- except from under $1240. Anyone snatched some at under $1240?
    “Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.”

    H.L. Mencken

  5. #695

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    No weekly futures report release today.

    Gold price movement has been stagnant around $1250s and unable to break up. More and more "experts" are touting the bottom, the dip-buying from individual investors is overwhelmingly enthusiastic ... ... not a good sign

    I am afraid the rebound might be short-lived; prepare to restart short position if price hits $1275 or nearby.

  6. #696
    Join Date
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    a reminder

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  7. #697

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    Quote Originally Posted by leon1998 View Post
    No weekly futures report release today.

    Gold price movement has been stagnant around $1250s and unable to break up. More and more "experts" are touting the bottom, the dip-buying from individual investors is overwhelmingly enthusiastic ... ... not a good sign

    I am afraid the rebound might be short-lived; prepare to restart short position if price hits $1275 or nearby.


    I warned you. Metals are heading down.... JMHO


    Believe it or not........ Another trend that has about a 95% success rate over the last 2+ years is when Andrew maquire posts on KWN gold was lower within a weeks time. Many off them big to the down side.
    Last edited by Silver and Gold; 07-06-2018 at 09:34 PM.

  8. #698

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    Quote Originally Posted by Silver and Gold View Post
    I warned you. Metals are heading down.... JMHO


    Believe it or not........ Another trend that has about a 95% success rate over the last 2+ years is when Andrew maquire posts on KWN gold was lower within a weeks time. Many off them big to the down side.
    Gold and Silver look WEAK, Platinum and Palladium look STRONG.

  9. #699

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    CFTC (Commodity Futures Trading Commission) released the weekly gold futures report: July 3, 2018
    Below is the data breakdown: (each contract is 100 oz)

    Large Speculators increased LONG position by 23,596 contracts; increased SHORT position by 21,941 contracts.
    Banksters increased SHORT position by 4,384 contracts; increased LONG position by 5,630 contracts.

    Apparently, inside both categories, traders were betting against each other. No wonder the spot price has been in a tug of war for the past week; and looks like they're still fighting in the past few days. I guess gold price will stay here for a while, until one side wins.

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