interesting post from Gary Savage
http://smartmoneytracker.blogspot.co.uk/2014/03/commodities-another-leg-up-gold-setup.html
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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