OTCQX:BGMZF - Post by User
Post by
yaponskion May 11, 2014 2:35pm
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Post# 22548891
Well Boys and Girls Whats It Gonna Be
Well Boys and Girls Whats It Gonna Be Start of new gold trading weeking coming up.
Will it be up, down or sideways?
The Kitco survey crew are pretty much undecided after a correct call for a down week last week.
Kitco Weekly Survey
KingWorldNews gold bugs are talking about huge huying pressure at $1285 in gold.
Maguire - Massive Physical Buy Orders in Gold at This Level
Yet the Shanghai weekly gold delivery from vaults is falling behind 2013 delivery rates
GoldMinerPulse: Shanghai Gold Exchange Physical Gold Delivery
Hard call on what POG will do. Me, I'm still thinking the pressure is to the down side. KWN is always bullish on POG. Kitco survey is usually wrong so POG unchanged is unlikely to happen. Kitco survey bias is donw so 100% contrary s/b betting to the upside, but I trust data first and foremost and the SGE delivery from vaults is slowing relative to 2013.
So, POG is likely down for the week. Translating for BGM outlook, a POG break into the 1270s will likely generate a break below 34.5 cents for BGM. And the BBoS and the Roller will start the strong hands talk, remind everyone that the rick uncle Eric is on the scene and won't let anyone run of money, just cause he's a nice guy....
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