Silverdoctors skrev om det tidigare i veckan:
I believe we have been witnessing the initial stage of an evolving commercial signal failure and a retest of $35 will likely come tomorrow, Oct. 9th, now that holiday trading is over.
Even if I’m wrong, the downside risk is tolerable given tremendous demand for physical and we’re eventually going up in the weeks and months ahead regardless.
“Gold and silver are getting very close to an all-important upside breakout, Eric. When gold breaks above $1780 and silver hurdles over $35, both metals will rocket higher. I think we are getting very close to that moment, and I expect that the jump in precious metal prices will be something spectacular….
…..This is a battle between the sellers of paper-gold and the buyers of physical gold. We know the paper-sellers are there because Comex open interest has exploded over the past several weeks.
This has occurred because the manipulators are attempting to contain all of the buying by the specs and hedge funds. But we also know that the physical buyers are there too because each time the shorts trigger a raid to try forcing prices lower, the physical buying picks up.
The upshot of all this is that the shorts are caught, at least so far. They have not been able to engineer the lower prices they are looking for to buy back their short positions and walk away with their profits like they have done so many times in the past. So the question becomes, what if they can’t get the price for gold and silver any lower?
The shorts will need to buy back at whatever price they can to limit their losses. It is this panic buying that will launch the precious metals like a rocket when $1800 and $35 are finally hurdled. We have seen battles like this one many times over the past 12 years, Eric. Some of these battles have been fought even more fiercely than the current one, which means it could take awhile longer to get the breakouts above $1800 and $35.
But readers have to remember that in the end, the physical buyers always win as evidenced by the fact that gold has risen 11 years in a row, and this year looks like it will be number 12. The reason of course is that there is far more paper-gold in existence than actual physical gold, which means only one thing, we could soon be seeing a massive short squeeze in gold and silver.”