Showing posts with label ESF. Show all posts
Showing posts with label ESF. Show all posts
BlueFlix (follows Elliott wave) said: "Gold fundamentals are there and getting stronger. But, in the intermediate term, gold may be correcting to its 200DMA..."Well I agree about the fundamentals part, as for the 200DMA (about 530$) I think It is very pessimistic view and gold will have to retrace the whole impulsive extensive wave since March low(~535$). off course [e] low (lower then [c]) might
Why fight the forex of nature? As we all know the ESF is a leading force in the gold market. Now we all have to ask our selves – what happen when the ESF decide to change position and close all of its short positions and go long? After all the gold market at much higher levels will have the capacity to accommodate much of the paper liquidity plus the Fed should still be the largest gold bug on
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