本文发表在 rolia.net 枫下论坛Technically, as the chart of spot gold in half hour terms at
the top left of p.1 would seem to suggest, the market is
failing at yet a new and lower low. Having met a seller of
some consequence at or near $950/ounce in late March
and having met him again mid-April, gold has fallen back.
The rally of the past two weeks has been accomplished
on waning, not raising, volume if we look at the gold ETF,
GLD, as a surrogate for gold itself. As gold broke earlier
this week, volume rose sharply. Volume should follow
the trend, and if we are to believe what we see, volume is
now coming in on the downside rather than upon the up.
Indeed, were we not long standing bulls on gold, only just
recently scampering to the sidelines, we would be selling
gold short. But because we have only just moved away
from the bullish camp, we'll do nothing. However, gold in
terms of grains is expensive, and those wanting to
experiment might look to own corn and soybeans and to
be short of gold. 'tis only a suggestion, but the logic of the
idea seems to have grabbed us this morning and given
us a right good shake更多精彩文章及讨论，请光临枫下论坛 rolia.net