1977°C

Gold Due for a Pullback; Silver Approaching Resistance

I am watching GC ( have short futures ) with big interest and wonder why those investors on the buy side gave me a great opportunity to sell without even knowing me personally.
Let me explain why GC is down less than Crude Oil ,Palladium, Nickel or Rhodium it is down less for one very simple reason: most investors who bought mining stocks even 5 years ago (I don't even mention those buying in 2008) lost about everything or in best cases 50% which is not bad looking at any other sector in the global economy, so again why GC didn't crash?
The only reason for this that those that were listening to GC stories 1 year ago and missed big rally sitting on the sidelines, lately came to the market as watching GC that got symbolized last year that it is a best protection from all depressions and recessions plus in the booming leveraged world economy new middle class including billions Chinesse, Indians, Russians, Saudis will buy 1 gram of GC each (I remember such explanations) and the GC will be 2000-3000 $ in a blink of an eye.
So those who started to buy lately out of fear of beat market pushed the price to the opposite direction of Platinum price and making out of it the good opportunity to sell because demand for jewelry declines day by day and cash GC trading volumes already collapsed so those buying futures and options and stocks made a mini bubble that have nothing to do with GC demand when major jewelry stores worldwide and luxury industry in particular see their sales disappear overnight and in panic they cancel all their GC buy orders as inventory is full and it will take now years to sell existing stock.
Those of you who think that all commodities went down 50-70% in such a fast time and it is a joke, I wish you happy GC investing while those of you who understand that we are in the beginning of 1929 era ( who bought GC then?) that can last 30 years I advise sell all your physical GC. futures, mining stocks NOW.
GC very soon will make me very rich at 500 $.