Bonjour,  Le prix de l’or est à la baisse depuis 13 jours sans aucune rebond à la hausse. C’est un phénomène assez rare que l’on voit surtout dans un effondrement de marché ou dans un squeeze.

Mais le voir aussi tôt après un départ de marché me semble un peu étrange. Par contre, l’absence de distribution est un facteur intéressant qui laisse présager un nouveau sommet à venir.

Soyons patients. Je crois que rien n’a changé fondamentalement et que “the bull is on.”  Salut, Ray

 

Raymond

 

 

 

 

 

 

 

March 27, Voici ce que je pense du marché de l’or…..
From a December low of $1182, gold bullion has added $206 in 11 weeks for a
gain of 17,4%. Meanwhile, many juniors have increased 100% or more. Really
remarkable. There’s no doubt that heavy short covering initiated the whole
thing and I believe the phenomenon is far from over. For now a correction is
on. That was to be expected after a non-stop upswing of 11 weeks. Don’t you
think? 

What’s more, the pullback of 40% of the last advance has been fast and
severe and may possibly have been helped by the Treasury on the way down.
But we don’t know that and, if true, it’s going to fail. So why worry about
it? This market went straight up and straight down without any distribution.
Conclusion: it can’t be a top, but just a correction. If you have seen
markets for years, you know I’m right.

The distribution is missing and paranoid traders created this fast move. What’s more, gold is just emerging of a correction of nearly $800 since 2011. Let’s say that if this was happening after a rise of $800, I’d be a little bit more nervous. Time to buy
again.    Merci,  Ray