Gyroscopic Investing

As Wall Street investment banks continue to retreat from physical commodities, Goldman Sachs (NYSE:GS) has sold its metal-warehouse unit, Metro International Trade Services, to Swiss P-E firm Reuben Brothers. Last month, Goldman also came under political and regulatory pressure to divest the operation amid allegations it had encouraged hoarding supply, inflating metals prices.

http://www.reuters.com/article/2014/12/ ... FW20141222

Agreed, these are the signs to look for.

The bottom will be in when there are no articles even being written cause everyone went away and no one cares, total capitulation...

We might be close in the junior gold mining/explorer stocks, I thought we were there last year when things were 50% higher than they are now 

I thought that the bottom in gold was nearing too until I read Martin Armstrong's new blog predicting that it will fall to $1000/oz or even 600-700!

http://armstrongeconomics.com/2014/12/2 ... sing-2014/

Reub wrote: I thought that the bottom in gold was nearing too until I read Martin Armstrong's new blog predicting that it will fall to $1000/oz or even 600-700!

http://armstrongeconomics.com/2014/12/2 ... sing-2014/

Looks like we got another Armstrong fan in da houze! 

He's a bit obtuse here but I think he is saying that we'll have new lows next year but it'll be above $1K unless $1155 is breached by year end.  Fat chance.

I have super long-term trendlines that correspond to the $1K and $618 areas.

My gold timing model -- if it does not trigger by end of the month (not likely at this point), it will be in compression for January.  So either we tank more or we're bottoming.  It'll be interesting to see who is more correct, me or Armstrong.  I know who I side with for the benefit of doubt!