If an unstoppable force meets an immovable object, what happens? You get a "bang"? The war between the entities in the PM trade are not "about to collide" but they ARE colliding. You probably feel like we are in the same morass during the year long beatdown of the PM trade. Who can really blame the average trader for feeling exhausted and disgusted with the price manipulation. In the totality of this epic move in gold we have just been through a rather "normal" corrective move. We are entering some very dramatic moves in this market and they are going to shake you to your very core. Most of us will choke and puke this trade long before this next move completes. It may seem puzzling to you why you won't be in this trade, but the combination of the news flows and market volatility will be a double edged sword designed to crush all participants but the most prepared......
John Embry on KWN says “The people on the long side have figured out the game and they know the wind is at their back. So when one of these raids is staged, there is just a wall of buying lined up at a certain place, and that’s why these declines stop and then they reverse quite quickly.”
There is a war between the price controllers and the physical buyers. The owners of the bullion are reaching the point that the "accumulators" of the metal are becoming more than a thorn in their side and allowing accumulation of the bullion is going to have to be curtailed. The market will respond very soon with a marked rise in price AND volatility. As discussed recently the real risk in this trade will be losing your position......just as some of you already have. Standing and watching on the sidelines will be devastating.
Expecting the "ideal" entry for maximum return with minimum risk will NOT be allowed. As repeatedly stated bullion accumulation is the "safest" but it will have risk going forward as the war between the masters reaches its climax on Olympus with nature's forces. I am going to believe that we survive...the other choices aren't palatable.......gl
Saturday, October 6, 2012
Posted by kliguy38 at 10:58 AM