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Rakesh V
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Actully your view is right but my dear freind did you notice that COT at every friday which indicates some bullishness is still remain. See the deleraging process if you will calculate then you will find out at what point they will halt their positsion(Ref.my aricle DELEERAGING PROCESS TO END BET WEEN US$720-- TO US$690......i have already mention in my arcile (goolge search-Type-Rakesh Varasia)....i was bullish at US725 dollar for target of US$763 which already strike yesterday.... because i cant wait market to bearish since i am Analyst i want daillly volme .....
Nov 20 05:46 am
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All Comments by Rakesh V »Gold Market Price Points to Watch [View article]
Now i think market to bottom soon at US$684.......... so i have storng selling call at this level.........but dont forget above CHINAS SUDDEN CONVERSION of US$1.70 trilliion in to gold ...i think they will increase their reserve buying gold at this moment...................