Yesterday Jim suggested that the The Rig Is Up. He might as well have written that confidence just took square kick in the family jewels. As I said many times before, money is a confidence game. When confidence is shaken, money doesn't book time with Oprah or Dr. Phil to discuss its options. It moves fast without remorse to escape (Rubert Holmes style) a position of weakness to strength.
There are very few of us dynamic thinkers that see everything as a trend constantly in motion. Anyone can be a static thinker, quoting recent economic figures or news headline (MSM), and coming up with a usually wrong opinion.Jim continues,
The change today is that the "Rig Is Up."
The battle to stop gold has been lost.Agreed. The message of the market (Coincidences Become More Obvious When) shows gold and silver building cause for breakout that will only become obvious to those MSM experts after the fact. The ETF money flows showing clear signs of accumulation have made three attempts to generate a buy signal (close above 50%) since early June. I expect we'll see a decisive buy signal in July.
Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic
Rubert Holmes, Escape (1979)
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