GREY:ALXDF - Post by User
Post by
goldopportunityon May 09, 2017 8:21pm
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Post# 26223673
Fwiw.....
Fwiw.....Hui, Xau and Gdxj:
All closed down fractionally. Hui and xau had inside close with outside low intra-day. gdxj actually had an inside day!
Bottom-line:
I think hui and xau reluctantly start to move up. Tomorrow, I suspect we'll see an outside high and close with inside low. Gdxj I think will move a bit more aggressively -- may even gap-up in the am.
Gold:
Moving up smartly from today's lows. Keep in mind, today was the last reporting day for the new cot report that comes out on friday.
Bottom-line:
I wonder if the commercials, ptb and ppt have been covering their massive short positions. Also wonder if the specs and hedge funds have been masterminding a bear trap. This is when the bears (comms+ptb+ppt) keep piling on the shorts when the price is falling, and then, all of a sudden, there's a reversal and price shoots up higher thanks to buying from the specs and hedgies. I mean there's gotta be a mountain of shorts out there that need to be covered. Just sayin'....
So we'll see what happens. Should be interesting tomorrow. Jmvho.
goldopp