The Gold Trend Remains Down

from The Daily Bell

Credit Suisse: ‘Gold Is Going To Get Crushed’ … Bearish sentiment toward gold has prices for the yellow metal tumbling again. On Wednesday, George Soros revealed through a regulatory filing that he cut his gold exposure during the first quarter. In a new note to clients, Credit Suisse’s Ric Deverall forecasted that gold would plunge to $1,100 this year and eventually to $1,000 within five years. This according to Bloomberg’s Maria Kolesnikova. – Business Insider

Dominant Social Theme: There is nothing positive in the gold story. Get out while you can – and never buy it again. It’s just … barbaric.

Free-Market Analysis: The repression of the gold price has turned into a timely dominant social theme, in our view. The lines are clearly drawn and insiders are signaling that the trend is down.

They are talking it down, pushing it down and forecasting further down markets.

Nothing is much clearer in the markets than this meme. It is surely a further vindication of our paradigm because money has been made and lost via the implementation in an enthusiastic and visible way using evident and obvious promotional methodologies.

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