Hello again. Well, once again the Gold Bugs are out in Full Force stroking their egos because they got the last 2 weeks right. They are all saying, “I told you, I told you”. Wow, like after 2 years, they finally got it right, prices will skyrocket.
Why is it that, they never seem to play devils advocate on themselves. Of course not. My guess, which sounds pretty logical, is that GOLD Skyrocketed more last week then any time in history because of one thing. The ban of naked short selling. Bad news has been out for over a year. Gold has been coming down as of late.
It wasn’t but 60 minutes after the BAN on Naked Short Selling, did GOLD Skyrocket to the moon. Hmmm.. can you see the connection? Yes, the Gold Cartels have been keeping the price of Gold down with Short selling Gold contracts. Such spikes, one must look at “different” immediate causes, and no one but a few did.
Below is what you will typically see in a GOld Newsletter, and my responses in red. Now don’t get me wrong, I am bullish on Gold, but it will go through bigger corrections then what most people see based on Elliot wave perspectives.
