Loading ...“Every stock market bull out there whether in New York or London or Mumbai or Beijing is in a drunken myopia of elevated expectations and deviated denial scrambling and scratching and pleading for assurances that “it is truly different this time”.”
Cot Report
Overbought readings shown below add to the difficulty of staying 100%-long gold and silver despite the ragingly-bullish seasonal factors. I took down all leverage in the accounts earlier this week but remain fully-invested with all but .8% in cash. The battle will continue to rage on into next week so strap on your seat belts and life jackets and pray that thibgs are truly “different” this time…
Have a great weekend,
MJB
Michael J. Ballanger, B.Sc.,B.A., CIM
Editor and Publisher
Gold and Gold Miners
Email: mballanger@rogers.com
Skype: mjballanger