As it stands right now, the next two weeks will provide us with the information to make decisions about the path the market will take to our next target in the 4000-4250SPX region
During the week just past, there was a net 780,000 troy ounces of gold added. The Big 8 traders are net short 23.83 million troy ounces of gold, or 82.6 percent of the commercial net short position.
Everyone who is in a position to grab wealth and power is scrambling to grab what they can by any means necessary. Think about the dysfunctionality of a system that allows the head of its Central Bank to make the effort to convince the populace that price inflation is good for the economy. It’s Orwell on hallucinogenics.
