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Guter Bericht von Schwensen, der gerade jetzt nach dem Blutbad positiv denkt.
Beachtenswerte Charts.
Anmerkung: In den letzten Tagen hatte JEDE Charttechnik schlechte Karten. ![]()
Closing Comments
Well
4 weeks have passed and things unfortunately remain quite bleak. I have
noticed a handful of gold analysts that have turned decisively bearish
of late. Studying a lot of the technical analysis, I guess it is not
difficult to see how one could arrive at this conclusion. Personally, I
still see a lot to be positive about despite the blood bath that has
taken place. It has given me an opportunity to really study the complex
dynamics of the gold market and a get a somewhat better understanding
of the relationship between the physical and paper markets. While there
is a great deal of speculation, there will always be much volatility
and huge swings in both directions. Although the paper market
can have a significant short term impact, the physical market
ultimately sets the price. Having had discussions with an industry
expert, I have since learned that there can also be a time lag from
when prices fall to when the increased physical demand that results
starts to get satisfied. From all reports, the physical demand for gold
and silver has been extremely robust. As we saw in the COT report
earlier, the speculative long position in gold has been significantly
reduced, exhausting much of the fuel used to "manufacture" this decline
in the short term. The COT data now closely resembles that of previous
corrective lows, restoring some degree of confidence that we are close
to a bottom. The last piece of the puzzle for me remains perhaps one
last capitulation in the gold price to test the previous lows, with
some clear strength being demonstrated in the gold shares during this
sell off...."
http://www.321gold.com/editori…nsen/schwensen090908.html
Grüsse