10 July 2013

Gold Market Structure - Little Red Riding Hood

We have not seen a market structure like this since the beginning of 2009.  It appears to be tilted towards a significant trend change.

Although we have to remember that this structure is on the COMEX, which is becoming a market involved largely in the movement of paper, rather than a mechanism for the efficient discovery of price and the allocation of capital to resources.

These charts are all from Sharelynx.com, the precious metals information place.

Hey there Little Red Riding Hood....