Holy Cow Jim!

The invisible hand guides the weak (hands) to the elevator shaft with an open hand and smile. Today's panic masks a steady reversal of the money flows that setup this decline. Gold tends to bottom when composite lease spreads turn positive.

Chart: Gold Lease Spread Composite (GLSC) and Gold Price, USD

A closer look reveals why the invisible hand is smiling.  They're regaining control from the weak without much of a struggle.

Table:  Gold Lease Spread Composite (GLSC) and Gold Price, USD

"A month ago I got over 3500 incoming emails in less than three hours"

Seriously? Eric

Yes, absolute truth… Jim

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