http://news.goldseek.com/GoldSeek/1461093642.php
By: Bill Holter
Many
of us have waited for today, April 19, as we anticipated the new
Chinese daily gold fix and the opening of the ABX physical exchange.
Some may be disappointed, other ecstatic. I will say I am personally
pleased because it was almost exactly as I suspected.
Much has happened over the last couple of weeks and a lot of it has to
do with "truth" being exposed. The "markets" are no different. China
in my opinion is simply trying to aid in markets determining prices of
gold and silver.
Last
Friday we got horrifying (from a contrarian standpoint) COT numbers
with nearly record numbers for commercial shorts. With history as any
guide, gold and silver should have already been slaughtered, they have
not been. In fact, we now have silver and gold at nearly one year highs
and mining equities exploding. Yesterday saw a dozen or more juniors
up 25%++ for the day!
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