06 August 2013

Gold Daily and Silver Weekly Charts - Hedge Funds Stage Limp Bear Raid in Light Volume


...and the horse they rode in on.

Weighed, and found wanting.

Stand and deliver.







SP 500 and NDX Futures Daily Charts - Weak Economy, Den of Vipers


There was little price discovery in the market today, just some algos tiredly batting the prices around in light volume.





05 August 2013

Gold Daily and Silver Weekly Charts - Treading Water


Let's see how the physical inventories fare this week. The hedge funds seem to be determined to press the paper price of the metals lower.

I am watching this 'W' formation on the gold chart with increasing fascination. If the funds cannot negate this, then W will stand for whiplash.