9 thoughts on “CHART OF THE DAY

    1. Gary Post author

      Hard to say. The CRB is deep in the timing band for a final 3 year cycle low. The COT is at max bullish levels. Sentiment is at 17% bulls. That kind of pessimism has only been seen a few times in the last 30 years. Almost always as a long term bottom was forming.

  1. Sheik Oily

    Ali Baba wants to kill all shale and frak, still has a bit more to go before a pile of bankruptcies emerge.

    1. Gary Post author

      The longer term cycles are still pretty dependable in gold. It’s just the shorter daily cycles that the bullion banks stretch out to virtually any length they want to run traders stops. So it has become next to impossible to time daily cycle bottoms. There always seems to be one or two fakeout bottoms to fleece short term traders.

  2. David Silver

    I still feel we are on a brink of disaster across the board
    2007-8 recession has not resolved itself
    High yield junk bonds are amidst a 2008 debacle
    All facets will be affected in 2016 going forward
    Energy industry will feel the brunt
    Negative repercussions on crude
    2016 capitulation will bottom out commodities mid year
    Crude and metals will be in umison

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