Dave in Denver writes:
People are going to see moves in gold that will shock them. Some of the advances will be spectacular, but right now people are focused on short-term weakness so they are missing the big picture. - John Embry, King World News LINK
The longer the bullion banks and hedge funds try to sit on the price of gold/silver, the more violent and extreme will be the eventual upside counter-move. This market tendency has held tried and true for the entire 12-yr bull market in precious metals.
Much is being made in the financial media about the recent "huge" ongoing liquidation of gold from GLD and other gold ETFs. But what is not being reported and discussed is the fact that, in the past, big GLD liquidations have preceded a massive run-up in the price of gold. In other words, when investors dump GLD, it's the ultimate contrarian bet. ...