The ultimate gold sell signal

Censored here for impressionable FT Alphaville readers — a contrarian indicator in gold, if ever there was one. From Page Three of Wednesday’s Sun:



http://ftalphaville.ft.com/blog/201...3-from-essex-♥-gold-futures/?updatedcontent=1

ROFL ! LMAO ! I just recall the Giselle Bundchen call for EUR/USD...Strong sell, gentlemen !

 

Stop calling for a top in gold!!!!!!!!!!

It won't happen till 2020!

 

You mean after the collapse of the US pension system ?

 

Short gold, long cat (as usual).

 

There's certainly a bull market in people calling for a top in Gold. Perhaps that's the REAL contary indicator to indicate we're going a lot HIGHER.

PS. How many magazine covers of nerds and computers from 1996 till the top of the Nasdaq around 2000? Plenty of course...........

 

They called a top at $600

Then $700

Then $800

Then $900

Then $1000

Then $1,100

Then $1,200

Then $1,300

Now $1,350


One day they will call a top at $25,000 and it will finally drop and they will all scream "I TOLD YOU!"

 

At least being "early" is not the same as being "wrong"...

 

Anyone else see a blowoff top in gold today? not sure of what kind of top but at least a few weeks

 

Who can say. I will say one thing though. Trading gold has been more fun than any other trade that I can remember. May the fun continue ...

 

Here's my contrary indicator that will signal the gold top:

When deadbroke throws in the towel and goes long.