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Followers of the GATA theory of gold price movement, which posits that it has been manipulated for years through massive shorting, are having their moment now.

Writing on LemetropoleCafe.com, Bill Murphy, for example, believes that what we are in the midst of is a short squeeze of historic proportions.

“What you are witnessing,” Murphy writes, “is a rare market phenomenon … a bunch of trapped bullies trying to get out of their massive gold short positions in a market which is in a steep supply/demand deficit to begin with. At the rate the bad guys are exiting the market, it might take them another TWO YEARS to eliminate their short positions. In a way I am kidding about that and yet in another way I am not. The Gold Cartel and other shorts still CANNOT cover those positions at these LOW prices and it will take a long time for them to bow out.

“With all the GATA camp knows about what The Gold Cartel has done and what the gold market is all about, we don’t know exactly what amount of the short position must be covered with physical gold and how much can be paid back with cash. However, as mentioned before, the shorts must be at a point where they must cover price-wise in order to keep their losses from mounting. We are talking about some serious money here with gold moving like it is.”

If GATA has been correct all this time, then the fun truly has just begun.
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<ul> ~ http://www.kitcocasey.com/displayArticle.php?id=712</ul>

-->Gold sieht mir sehr angeschlagen aus.
Bin seit 717 short mit SL gestiges Hoch.

Erste Korrektur bis 680 ist fällig.

Gruß Laui

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-->Es hat etwas gedauert bis ich ein wenig Zeit fand mir Gold etwas zeitgenauer anzuschauen.
In den charts sieht man die Version ohne 3er-Ausdehnung. Dann wären wir oben gewesen mit der letzten Teilwelle. Demnach kann man es m.E. wagen short zu gehen mit absolutem Stop beim jetzigen High.

Sollte das bisherige High überboten werden, dann würden wir eine ausgedehnte iii Welle von 5 bekommen.

Gruß Dieter

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