Monday, March 21, 2016

Feds non decision causing Gold to behave as it should

Gold formidable resistance between $1260-$1280

"That shall take some while to overcome, especially in light of the large increase in ‘spec’ long positions as well as the equally larger net short positions held by the commercials."

Huge Position in Gold, Not looking to add or reduce 

"We shall, instead, sit tight, awaiting what we think shall be… and certainly should be… an eventually assault upon and defeat of the resistance noted just above.”