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Gold Gann Angle Update

Confused Guy

Seriously if you have a billion dollar gold position, why would you sell it a 2.00am on a Sunday morning when the markets only have $100,000 dollar value bids? Well no human would do that, but a govt would.

However the fix for lower prices is lower prices. The massive open interest built up in Gold and Silver required a punch down to allow position to be un wound, so watch out for that to happen, and that will most likey mean a strong bouch is due.

FYI, so why isnt silver crashing just as hard as gold? Simply all time high open interest and there massive positions to unwind. Every silver cent down is being hit with short covering. Banks like Citi and JPM morgan have to unwind massive silver shorts, to do this they need price falling to show a profit for their efforts.

Price is on the 1st 1x1 Blue Gann Angle, second resistance.

Gann Angle Review

The $100 on the GLD is a very big magnet, one level to watch.

GLD Gold Trust Fund Chart
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