Gold And Silver Surging – Shorts Worry As The Long Awaited Turn Picks Up Momentum
KingWorldNews.com
March 03, 2016
Gold and silver are surging ahead of Friday’s Non-Farm Payroll Report, despite heavy commercial selling. Shorts worry as the long awaited turn picks up momentum.
John Embry had this to say yesterday about the current COT setup:
“However, it feels different this time because despite the best efforts of the bullion banks to flush the gold market lower, the gold price keeps coming back. And as I said, in comparison to the past 4 1/2 years, where the bullion banks appeared to be in complete control, something seems to have changed.”
Yesterday, legendary Louise Yamada turned bullish on gold. Here is just a portion of the note Yamada sent KWN, along with one of her 3 charts:
“The daily (above) and weekly momentum models have moved to new one-year highs (lower arrows), offering both short and intermediate-term Buy signals.”
The Rest…HERE
