Sunday, 30 March 2014

interesting post from Gary Savage

http://smartmoneytracker.blogspot.co.uk/2014/03/commodities-another-leg-up-gold-setup.html

"Not only are these guys have the banking cartel manufactured a very lucrative short trade, they have damaged the physical market enough that we will likely see a huge move from $1050 back to $1800-$2000 over a 4-6 month period once the manipulation is removed at the yearly cycle low.
I think over the next three months J.P. Morgan, HSBC, and Goldman Sachs are going to stretch the rubber band so tight in the metals market that when they finally release it it’s going to generate a surge comparable to what we just witnessed in the coffee market. Unlike the coffee market though, the metals market is big enough that these players can take large positions and make serious money off of that move."

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