OTCPK:MEAOD - Post by User
Comment by
mstettleron Mar 16, 2016 12:33am
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Post# 24663343
RE:RE:RE:RE:RE:RE:RE:RE:Gold Smash
RE:RE:RE:RE:RE:RE:RE:RE:Gold Smash... I would like to add, we could see $1150 gold as a pullback. This is the first important line drawn from the previous highs over the last year, now becoming support.
If gold comes down to these levels and holds, then I will be much more confident about a resumption of the bull market.
THe thing concerning me in the short term is the current COT report. We need to see a bleed down in the positioning of large spec longs and commercial shorts.
In the longer term, I would like to see prices for commodities in general pick up. This would signal inflation expectations (or perhaps further monetary easing), which would support gold. Note that rising prices may not in fact be dependant on actual demand - this would indicate stagflation. most of the data we have been seeing for global business activity the last several years has been terrible.
I've never seen the cost to move containers from the East this low.