Just released latest CFTC Commitment of Traders data which showed that the Comex gold short position grew once again to a new all time high of 79,416 shorts, all prayers are now off. If we may be so bold as to we suggest, the time has come to upgrade to the sacrificial slaughtering of at least a lamb on the altar of Saint Ben, because even the tiniest hint of a forced cover will now result in the biggest rip your face off levered short squeeze seen in the history of the yellow metal. Maybe throw in an ink cartridge or two for good measure…
Short positions in gold have risen 25% in the last 3 weeks
Above is Daily Chart ,It kissed High of $ 1414 level and Now Trading at 1376 level.
Just Watch :$ 1376—————–1371 level.Now if Breaks 1371 & stays below for 15-20 minutes or more will take to 1357–1352————1338 level in PANIC !
101% Will Update more to our Subscribers.
For MCX Gold ,Our Down Targets we told :26025–25944 is Last Hope.
Updated at 20:46/22nd May/Baroda/India
There are over 3 billion ounces of gold in the world’s deposits. The Top 50 of these mines alone contain over one-third of the total gold. North America is the ‘cheapest’ place to produce gold and Africa the most expensive. Gold producer profits are getting squeezed from both directions: lower gold prices and rapidly inflating costs… >> Read More
Now Trading at $ 1395 level.
Above 1384 level ,Our Target for Gold Spot ………………..$ 1412–1421 level.
Yes ,If able to cross & sustain above 1421 level too for 30 minutes ,Watch More FIREWORK !!
101% More Details to our Subscribers.
Now Trading at $ 22.70 level.
U have to Watch these levels : $ 22.84———————-23.07 level.
Now if crosses 23.07 level and sustains above for 30 minutes or more in evening session then we see more Firework.
Will it flare upto 23.75–23.98 level ??
101% More Details to our Subscribers.
Updated at 12:05/21st May/Baroda/India
-Above is Daily Chart of GOLD SPOT-
Today After Hitting low of $ 1337.94 ,Now at $ 1362 level.
Will it zoom to kiss 1375————————–1384 level ??
Will Update More to our SUBSCRIBERS.
-Silver ……….Blasted ,Crude on Fire.Nickel….Recommended to Buy its on Fire !!
Technically Yours/ASR TEAM/BARODA
Just See ,Now While Updating Trading at 41612 after kissing High of 41812 level.What Else U want ??Fastest Money Fast.
This is Power of Chart ,Nothing else.
Short Term Traders :Just Watch 42121 level.
Decisive Break & Trades below this level…………..Then in PANIC it can slide to kiss 41468—41251 level !!!!
Our Triangle Breakout Target is Rs.36000 (Indicated and written in Feb 2013 ,When it had broken Triangle at 56900 level )
Now Three Consecutive close +Weekly close +Monthly Close below 40941 level if happens………….(Remember and save it )
Nonstop PANIC upto 30055————26426 level not ruled out.
Yes ,U have to See COMEX levels ,Watch USD Movement then only u have to trade in Silver ,Gold !
Will Update More to our Subscribers during Trading hrs.
Updated at 9:47/20th May/Baroda/India
No Surprise for our Subscribers !!
Gold prices are down about 12.5% since the start of April. But global central banks have been increasing their reserves of the yellow metal.
A new report from the World Gold Council shows that central banks bout 109 tonnes of gold in the first quarter.
This was the seventh straight quarter in which they purchased over 100 tonnes of gold.
Central banks held 31,735.4 tonnes of gold as of May 2013. This was up from 31,694.8 tonnes as of April 2013.
Gold entered a bear market during that quarter. In the current quarter, gold has gone from $1,603 on April 1 to below $1,400 today.
According to the WGC, Russia and South Korea were among the biggest buyers of gold. >> Read More
