JDST Alert / Gold Commentary: Sweet % Gains Today.
Post# of 777
Posted On: 07/18/2014 1:16:45 PM
JDST Alert / Gold Commentary: Sweet % Gains Today.............Here's the deal -
An unthinkable tragedy occurred yesterday............to make it even worse many of those on board were a part of the WHO headed to an AIDS conference in Australia.........world leaders in the field were tragically killed in the plane crash.........all flights have now been diverted around the Ukraine.........this was/is in everyones words a major negative world news event..........at the same time you have Israel executing a ground invasion into Palestine............2 major negative world news events happened simultaneously yesterday..........
The question is how did gold respond?..........
17-Jul-14 Price Change % Change
Gold Price, $/oz 1,316.70 17.10 1.32%
http://silver-and-gold-prices.goldprice.org
http://www.kitco.com/scripts/hist_charts/daily_graphs.cgi
Gold only increased 1.32% on a $17.10 gain.........that is absolutely unbelievable & absolutely BEARISH FOR GOLD............
Think about it..........gold should have had a $50 - $75 gain yesterday..........there should of been at least a 4% pop on the horrific news......... IF GOLD IS NOT A FLIGHT TO SAFETY PLAY THEN WHAT IS THE TRUE VALUE OF GOLD?.........
What gold experienced yesterday was a Short Cover Rally.........believe it or not there was not a rush yesterday to buy gold..........that's what it looked like was happening yesterday, but after the day was done the reality is investors did not buy gold as a "flight to safety play"..........that leads us to today.......a Red Day For Gold & a Green Day For JDST........
If you read my commentary on Gold last weekend you would have already been looking at JDST........I put JDST on the radar last weekend due to the overbought and overhyped gold rally.........IMO the miners are still oversold and should have room for upside, but after Golds response yesterday to the tragic events and today's red day I'd say Gold is looking very bearish................$$$
http://stockcharts.com/h-sc/ui?s=JDST&p=D...5150482092
An unthinkable tragedy occurred yesterday............to make it even worse many of those on board were a part of the WHO headed to an AIDS conference in Australia.........world leaders in the field were tragically killed in the plane crash.........all flights have now been diverted around the Ukraine.........this was/is in everyones words a major negative world news event..........at the same time you have Israel executing a ground invasion into Palestine............2 major negative world news events happened simultaneously yesterday..........
The question is how did gold respond?..........
17-Jul-14 Price Change % Change
Gold Price, $/oz 1,316.70 17.10 1.32%
http://silver-and-gold-prices.goldprice.org
http://www.kitco.com/scripts/hist_charts/daily_graphs.cgi
Gold only increased 1.32% on a $17.10 gain.........that is absolutely unbelievable & absolutely BEARISH FOR GOLD............
Think about it..........gold should have had a $50 - $75 gain yesterday..........there should of been at least a 4% pop on the horrific news......... IF GOLD IS NOT A FLIGHT TO SAFETY PLAY THEN WHAT IS THE TRUE VALUE OF GOLD?.........
What gold experienced yesterday was a Short Cover Rally.........believe it or not there was not a rush yesterday to buy gold..........that's what it looked like was happening yesterday, but after the day was done the reality is investors did not buy gold as a "flight to safety play"..........that leads us to today.......a Red Day For Gold & a Green Day For JDST........
If you read my commentary on Gold last weekend you would have already been looking at JDST........I put JDST on the radar last weekend due to the overbought and overhyped gold rally.........IMO the miners are still oversold and should have room for upside, but after Golds response yesterday to the tragic events and today's red day I'd say Gold is looking very bearish................$$$
http://stockcharts.com/h-sc/ui?s=JDST&p=D...5150482092
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