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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Eric de Groot latest

According to de Groot the Euro bears that are betting on 1.15 or parity are going to be squeezed out of the market soon.

Watch also the chart on the Gold Diffusion Index. There is no comment given, but it seems the low is in and we are turning around towards better times for gold.

Wednesday, May 30, 2012

The Dealer's Feet Are Getting Fidgety In Three Card Monte Shill

The invisible hand is extremely good dealer in the three-card monte con called paper control. Shill (smart money) pretends to conspire with the mark (retail money) to cheat the dealer (controllers), while in fact conspiring with the dealer to cheat the mark. While the headlines paint a dismal picture for Europe, thus, herding money into the dollar, the world's only safe haven according to the shill's script, they hide a tired trend (chart 1) and opposing money flows under the dealer's table (chart 2). The game is truly amazing to watch and in many respects is a masterpiece of control.

The dealer will fold its table when the mark has been relieved of its positions and pockets emptied. As I write this, the dealer feet are becoming fidgety. Once the dealer bolts, the bearish experts that dominated the headlines for months disappear; the long-term performance of their calls never to be seriously reviewed. As Alex Rose would say, "welcome to the jungle" of control.

Chart 1: Dollar Index ETF (UUP)

Chart 2: Gold London P.M Fixed And Precious Metals Diffusion Index (DI)
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