Friday, December 27, 2013

US Dollar Crashed Below 80.00 - Will Gold Move Higher Now? GLD, MUX, TNR.v, GDX


  FOREX market is moving very fast today with US dollar move nothing less than to be called crashing down below 80.00. It stands at the 79.78 at the moment of writing with Euro at 1.3861 and Pound at 1.6544. Will Gold finally move higher now from potential Double Bottom formed this year? 10 Year Treasuries are pushing the all-important level of 3.0% now. All metals are moving higher today with Copper up 1.58%.

The Big Squeeze - Mystery Hand Scoops Up Copper MUX, TNR.v, GDX, CU

"Interesting time comes for the Copper plays. Commodities are so much hated asset class now, that the move could be very unexpected for many people, when rotation starts from overpriced equity markets into the real assets plays."

Jesse: Record COMEX Gold Claims Per Deliverable Ounce of Gold at 92 to 1 GLD, MUX, TNR.v, GDX

 Jesse reports that we have another All-Time-High leverage at COMEX with 92 Owners per one once of Gold.

Jesse: Record COMEX Gold Claims Per Deliverable Ounce at 79 to 1 GLD, MUX, TNR.v, GDX

  "Jesse reports that the Game Of Musial Chairs in the Western Fractional Gold Reserve System is getting into the new stage with the record level of leverage. Now report from Bloomberg can be put into another perspective." 

Bloomberg: London Gold Vaults Are Virtually Empty GLD, MUX, TNR.v, GDX

Bloomberg quite suddenly provides some really interesting information about the state of the gold market and ongoing manipulations around it these days. Could the reports about JPMorgan being Net Long Gold now be correct in the end?

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