by Dan Norcini
Trader Dan Norcini
Here is the latest chart detailing the relationship between the Hedge funds NET POSITIONING in the Comex gold market and the price of the actual metal.
I have presented this chart for some time now over at my former website to rebut the silliness from the gold perma-bull camp that any moves lower in the price of gold are ALWAYS the result of “evil bullion banks working to suppress the price of the metal to discredit it”. That mindset had a place at one time – back when the US Dollar was sinking – but is now passé and an extreme waste of precious mental effort and time. The camp that has this as a central tenet of their “faith” has long ago lost any credibility on this issue among serious-minded investors/traders.
Continue Reading at TraderDanNorcini.Blogspot.ca…
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Trader Dan Norcini
Here is the latest chart detailing the relationship between the Hedge funds NET POSITIONING in the Comex gold market and the price of the actual metal.
I have presented this chart for some time now over at my former website to rebut the silliness from the gold perma-bull camp that any moves lower in the price of gold are ALWAYS the result of “evil bullion banks working to suppress the price of the metal to discredit it”. That mindset had a place at one time – back when the US Dollar was sinking – but is now passé and an extreme waste of precious mental effort and time. The camp that has this as a central tenet of their “faith” has long ago lost any credibility on this issue among serious-minded investors/traders.
Continue Reading at TraderDanNorcini.Blogspot.ca…
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