This post was just published on ZYX Buy Change Alert.
In the momo crowd circles, the explanation being advanced for today’s drop in gold is that it is an erroneous trade that has caused the drop.
So far we have seen no evidence of an erroneous trade and the probability is very high that the momo crowd’s exertion is without merit.… Please click here or the title below to read more.
Gold is getting hammered this morning. No obvious news. There is no corresponding move in currencies. Our algorithms show that yesterday afternoon Smart Money stepped in with selling to meet heavy buying by the momo crowd.
This morning the momo crowd has continued to aggressively buy. Momo crowd’s aggressive buying is being met with aggressive selling by the Smart Money.
As we have been telling you for the last several months, there is a consistent pattern in gold trading. Smart Money consistently generates huge profits by short selling gold and silver every time the ill-informed momo crowd runs it up. After Smart Money has generated enough profits, they realize the profits by buying to cover and allow the momo crowd to run up gold and silver again to give another opportunity for Smart Money to short sell.… Please click here or the title below to read more.