Are Bears Playing the Wrong Tune?

Posted by on April 9th 2012 in CFTC, China, Federal Reserve, GATA, General Economy, Gold, India, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

A Seeking Alpha technical analysis maintains that the larger bullish pattern in gold and silver “is still very much intact, as evidenced by the significant bearish sentiment in the metals market,” often by analysts whose mistake is to “predict the present.”  And the Telegraph‘s Ambrose Evans-Pritchard reasons that “Until the rising reserve powers of Asia, Russia and the Gulf regain trust in the shattered credibility of the world’s two great fiat currencies – if they ever do – gold is unlikely to crash far or remain in the doldrums for long. ‘Peak gold’ cements the price floor in any case.”

Related Links:

Dow Jones:  U.S. jobs report, India strike push gold to gains

MarketWatch:  Gold rallies 0.9% as nervousness takes hold; silver off 0.7%

Reuters:  Gold up as market hopes for Fed easing

Daily Reckoning/Business WeekCalls for QE3 on disappointing jobs data; To QE3 or not to QE3?

KWN/Zero Hedge:  John Williams – Unemployment rate at a staggering 22.2%; Don’t show this chart to the president

MarketWatch:  Brazil’s president slams monetary policy in Obama meeting

Gold Scents:  Stocks have reached the euphoria stage

Tim Iacono/SafeHaven:  This is not the end of the gold bull market; The key to reading the gold bull

GATA:  What’s the central bank endgame in gold?

Jesse’s Café Américain:  I have rarely seen a market that is subject to so much blatantly phony ‘commentary’ as the metals market

The Victory Report:  Bill Murphy:  Non-stop gold & silver manipulation

Reuters:  Scotiabank:  Indian 2012 silver imports to fall up to 27 pct

Arabian MoneyStorage caution:  Silver hoard found in St. Petersburg mansion failed to assure owner’s good fortune

The Australian:  China to maintain golden focus

Reuters:  Chinese woman gets death sentence for gold and futures trading fraud


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