Saturday, February 6, 2010

It's different this time

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The dynamics behind the Euro, the impending double-dip recession, can't call it a depression, the loss of key democratic senate seat, the synthetic dollar short - take your pick. MOPE will encourage you to believe that the decline in gold is different this time. "It's different this time" is always a dangerous assumption.

Let me pull from the urban dictionary again - money talks and bull sh*t walks.

I have done this long enough to deafen my ears and follow the money. A sixth setup in the gold diffusion index has been generated. These setups are rare and always precede big moves. It is simply a matter of time now.

Gold London P.M. Fixed and the Commercial Traders COT Futures and Options Gold Diffusion Index (DI):


Silver London P.M. Fixed and the Commercial Traders COT Futures and Options Gold Diffusion Index (DI):

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