Wednesday , 20 September 2017


7 Indications That Gold & Silver Bearishness Most Likely Will Continue

This article looks at 7 reasons why gold and silver should experience further weakness over the days/weeks ahead. (Words: 206; Charts: 5)

So says Katchum (http://katchum.blogspot.ca) in edited excerpts from his original article* entitled The Current Status on Precious Metals.

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), may have further edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Katchum goes on to say, in part:

1. Paulson has sold almost half of his gold ETF GLD. This may be bearish for gold going forward.

2. China lost interest in gold during the past months.

3. LCNS positions have gone back up, so that means there are still a lot of people with interest to get the silver price down.

4. The declining lease rates are indicating that weaker prices are still to come.
5. The silver stock at the COMEX has been rising, which indicates to me a further decline in prices is probable.
6. Premiums for Sprott PSLV have dropped indicating a disinterest in silver.
7. Since September 2012, the gold and silver miners have been greatly underperforming the gold and silver price, which indicates further weakness in precious metals to come.

Conclusion

With all the above indicators going downwards I’m not that bullish on precious metals at this moment.

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*http://katchum.blogspot.ca/2012/12/lcns-short-silver-positions-increasing.html

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