I no longer read that the final leg in the Secular Bull Mkt lies ahead in a final blowoff parabolic advance
but to my knowledge, no one has uttered the 'unthinkable'!
and proclaimed that a " new Secular Bear stalks the Crimex.
Cicada clycles (secular) tend to be of the 13 or 17 year variety....
Ours would appear to be of the 11 yr type, unless the final leg is expected in 2017
Maybe then the perma bulls will be forced to acknowledge reality
of course they can, but have they? I have no way of knowing who's holding the $1559 or the $1150 bag!
whether they are considered weak or strong hands, only subsequent trading will answer that question
some technical patterns are helpful while MSM fundamental comments seldom if ever are
the China card has been played, that is if any news emanating from China is believable
UnLess we are witnessing capitulation followed by a V-Reversal, AuBugs will have to overcome 2 major ceilings of resistance now at
$1150 & $1550
it would take years of slugging it out with suckers who haven't sold out yet on the breakdowns
even China's recent update on its AU holdings (1657 tonnes) leaves a gaping hole in expectations
their AU holdings as a % of reserves remains @ the lowest level of the major CB's making any suggestion of the YUAN dethronong the $USD$ as the reserve currency
ADD their losses in AU + SSEC losses + their PROPERTY losses up & it's frightening
Commodity trading will be interest to follow(CONFIRM)
as of fri $1105 was the store-of-value for the torturous relic