Monday, November 10, 2014

Russell - Friday’s Gold Action Is Big Money Anticipating QE4

"Russell’s quick note on gold:  “In recent months, gold has sold off on Fridays. But I thought the counter-activity today was important; gold was up sharply. I check 14 gold items each day and I note that all gold items were higher. I think big money sees QE4 ahead and is protecting itself.”  King World News note:  On Thursday the number of silver bulls plunged to an all-time low, an astonishing 26 percent below what was seen at the bottom of the 2008 collapse, and 8 percent below the previous record low set at the end of 2013.  This is an incredibly important contrarian indicator and extremely bullish for the price of silver going forward."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/9_Russell_-_Fridays_Gold_Action_Is_Big_Money_Anticipating_QE4.html

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