To all you traders who claim you can see accumulation/distribution::

20140630gold.png

Chart courtesy of marketvolume.com

Last accumulation was in March-April 2014.

The Gold is in the side-way trading range since June 2013 - it is a year as Gold moves side-way. I know that there is many gold Bears, but look at the chart - positive divergence, low volatility, low volume - the Bears are not strong enough to push the Gold lower.

You are free to continue keeping Gold in short position, but I am buying.
 
imo... a low risk long entry here with June level currently holding as support and a low volume area below around the same area. If it doesn't pan out there is not much pain on the trade.
 
now i don't know if I should liquidate my heavy position in silver+gold mining companies....
golds been acting very weird at resistance, chopping in and out. ACCUMULATION or DISTRIBUTION???
anyone? :confused:
 
What am I not getting here? There's a seller for every buyer, so unless you're talking about people digging up more metal, the amount accumulated is the same as the amount de-cumulated.
 
heavenskrow said:
now i don't know if I should liquidate my heavy position in silver+gold mining companies....
golds been acting very weird at resistance, chopping in and out. ACCUMULATION or DISTRIBUTION???
anyone? :confused:
More...

Sentiment is still positive on my opinion. Yes, the trading is choppy but not as it was at the resistance in March of 2014 and in the beginning of September of 2013.
 
MoreLeverage said:
What am I not getting here? There's a seller for every buyer, so unless you're talking about people digging up more metal, the amount accumulated is the same as the amount de-cumulated.
More...

yes. but everything is marked to the last sale. So if there is a guy willing to buy gold at a higher price. someone sells to him and takes that cash out but everyone else gets to mark their position to that high price.
 
newwurldmn said:
yes. but everything is marked to the last sale. So if there is a guy willing to buy gold at a higher price. someone sells to him and takes that cash out but everyone else gets to mark their position to that high price.
More...

Does not look like there are plenty of guys willing to buy at higher price. On the other hand, each time price drops a couple of % we see volume surge (check GLD price on May 27 - June 2 and July 14-15). This could mean that each time we see lower price it is used to buy - this does not let the price of Gold to go deep down. At the same time, I think there is still plenty of bearish gold investors who still believe the price of Gold has to crash and these traders use each advance to sell. As the result since July 2013 the Gold moves in side-way range.

It may stay like that until big players will come to the Gold market. It may happen when interest rates go up, or stock market dives into correction, dollar becomes weaker or other even which may push big guys to relocate their funds fro other markets.
 
well on the logarithmic charts, we have bounced off the support line from 2003 but also currently chopping in and out between the resistance from 10/2012.

I do not like watching my miners come down while gold+silver keeps chopping :(
 
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