We mentioned Friday that even Dennis Gartman has been nearly convinced that Wednesday's $100 smash in gold thanks to a 3 million ounce sell order by a single trader was manipulative and not free market action. Whelp, apparently good ole Clive cannot be added to the list of those who have finally seen the light, as Clive's latest suggests gold may well be headed for a massive bear market, due to the extreme drop on Wednesday accompanied with massive volume. Yes Clive, the volume was massive, it was 3 million ounces dumped by A SINGLE TRADER in the span of 2 minutes!
Clive also must not have examined his own price chart, which clearly shows a flag formation for gold which has been broken to the upside and is now retesting the top of the flag, as well as an inverse head and shoulders formation, both of which are strongly bullish short term indicators. But nope, gold is headed for a bear market because of a central bank 3 million ounce dump last Wednesday to prevent $1800 from being taken out. lol.
http://www.kitco.com/ind/Maund/20120305.html
32 comments:
poor old bi-polar Clive, again trying for sensation instead of substance. good luck with it.
Indeed DG, "bi-polar Clive" ... What a tragical nutcase.
That's right, Cartel, try and drive paper silver even lower... How's things working for you on the gold front, and $1,700?... What's that, you're no longer able to drive gold below $1,700? Well, didn't your 'Mama' teach you that gold and silver go hand in hand? What you do to silver, you do to gold, and vice versa.
You do realize that every time silver goes lower, more physical silver is removed from the market by the strong hands, not to see the light of day for a long, long time. Your dilemma is that the physical silver won't see the day of light even if the price goes higher. We're ON to your debt-based fiat paper 'money' shenanigans. Keep your paper silver to yourselves.+
Clive Maund=And Cum Evil :-)
Anyone who puts faith in painted charts is not the wisest of the group.
More has to happen before gold and silver enter a bear market. If there were even a 10% drop from here, I would be buying. Like you guys say stacking the smack and I'll add smacking the Mrs.'s bottom in a happy joyful sort of way.-my2cents-
What is surprising is that Clive failed to notice/mention the HUGE short poistion on the COT report (which he himself previously referred to many times including last September), and which resulted in the smackdown last week. Clive said he didn't see last Wednesday's raid coming...Doh! And what about the lease rates?? And the Greek PSI decision this week?? NO MENTION. C'mon Clive, step it up a gear lol! (I wonder if he reads Silverdoctors?)
Time to retire Clive. The first one now will later be last. Are you wanting to retire with some integrity or on a paycheck from Washington?
i can't believe Clive actually has subscribers...
I like it. Let em' keep on talking the smack. They all know their time is short. They're wasting money trying to scare the stacker's. Ain't gonna happen. Clive, go suckle a little and maybe you'll be content for a while. Your days as well as the COMEX is numbered.
2 OZ.
Check out the silver chart as well... The nasdaq and silver look alike according to maund lol
silver and the nasdaq according to Dr Maund"
http://www.kitco.com/ind/Maund/20120305A.html
Confirmation Bias
Clive Flip Flops more than any politician...
Clive is a Bull one week, bear the next week,,, opps... Bull... nope Bear... Bull... bear... bull bear bull bear bear bull....
Learn the fundamentals Clive
ILUVPMS,
You've taken a lot of flak lately and I have given some myself. But I like your difference in opinions so keep on posting. We need your thoughts as well as everyone's opinions.
Thanks,
2 OZ.
clive you are a douche,,,,,just shut your trap
Hang on...I think I can see a Dragonfly Doji somewhere in there...LOL
I think that Clive is a chartist plain and simple. I don't think he's a bear or a bull. He just attempts to read his charts to the best of his abilities and this is more of an art than a science... I find it irritating when one person flips and flops from week to week, but thats his style and we should learn to accept it. Personally, i don't know what to think anymore about the markets... Im just holding long and strong... Keep the faith.
A major bottom is forming this March or June. We should be all prepared for it... The problem, and this is based on cycle analysis is that there is no definite conclusion as to what is bottoming or topping, e.g., gold or the dollar... We should all be aware of this possibility. Im leaning to the PMs, but i have my doubts about greece and europe.... One more deflationary scare may to the trick before the ramp up...
Who, knows,... just be on guard.
Doc, congrats on the bullion shop...
Gold has had its day. I have to laugh at the predictions that get everyone excited now. $1800 seems to get people salivating. We are not seeing those crazy & stupid predictions of $12000.00 or even $4500.00 for that matter. Expectations have been considerably dampened. I am so glad I bailed out at $1830.00. I wouldn't touch PMs now. At the end of the year gold will be around $1500.00. Charts, teeth gnashing, positive thinking, praying and believing the so called gurus isn't going to change a thing. Bookmark this for December 2012 and you will see I am right.
I agree, I bailed last year at high $1700's. I know it was the right decision.
I sold for a triple at $900, i'm glad I sold.
This is exactly what I fear. Last Sept the entier market was hopping for EU to announce a QE, when it is clear there is no QE coming, Silver was smacked down from $43 to $26. Last week, it is perceived that Fed may not be going to to another round of QE, so maybe we will have to wait at the bottom of the channel to accumulate silver. The only thing is, I saw Silver doctors hasa post saying that CME gave JPM a wavier to report speculative position beyond limit till 31 May 2012. Could it be that after that date JPM will have to trim all its specualtive shorts to comply with CFTC ruling and hence there will be a rally maybe Apr-May ? Anyone care to share your thoughts ?
It won't be a rally. Gold will just drift down now. It has had its run. It was good while it lasted, but a few die hards will hang on and regret it.
Hope this Clive guy is right. I get it. I see it. I need silver to come down. Way way down. Hard as it might be for some of you guys to grasp an ASE at $37, just one, is out of my reach.
Married, transport costs, keeping the baby fed, because there is no inflation at the grocery store, with a couple of student loans we pay on, with us having part time jobs w/ no bennies, not to mention paying utilities and on and on I could go.
To be able to just decide, Hey, today I'm gonna pick up a tube of 20, is not in my reality.
But if I could I sure would! It's so clear that Silver is being held down, that Silver is where the rubber meets the road as my Dad use to always say. Have some, but no where near what I hope to have. Hope that time turns out to be my friend and that Silver stays down and even goes lower. Love that saying, stack the smack. But for me stacking is painfully slow and one Eagle at a time.
Yep, it's over for sure. Billions of die hard Asians and their central banks are suckers unaware of the steadily increasing value of bonds and paper currencies which are harder to come by with every passing day. I for one have realised that gold is valueless and could easily be replaced with a juicy bank deposit or even things like seashells or tally sticks. I recant all bullish comments I have previously made about precious metals.
Some enlightened comments for SD readers consideration....
http://www.youtube.com/watch?v=1V7n3qRRM60
Hi, nice post. I have been wondering about this topic,so thanks for sharing. I will certainly be subscribing to your blog.
For all the trolls here thank you for giving me the strength to persevere.
Persevere away, you & other like you are only delaying the inevitable. Gold is going down. Today is a great example of what we will see from now on.
That's funny ANON 10:38. Surely you guys are not telling us to get out of metals just because you have a good heart. Most of us never hear anything from any of you unless there's drop in price. Oh well, just makes me want to buy more. Think about it, the dollar is decreasing in value. If in 10 years the price of silver is still $33.00, I will have lost nothing. You, on the other hand, will be able to buy much less with your pocket lettuce fiat toilet paper. By the way, I saw a bridge just a couple of blocks down the road with no one under it. Looks like a great vacation spot for ya!
Have a nice day,
2 OZ.
Clive must have his resume in at the Fed.
Post a Comment