News On Gold From None Other Than Paulson And Soros

The 2nd quarter filings from these 2 firms have been delayed (way too much delay but no legal actions from the government as usual). Now we learned that both dumped their gold ETFs.

http://www.bloomberg.com/news/2013-08-14/paulson-cuts-spdr-gold-stake-53-as-soros-sells-out.html

That explained the 2nd leg flush by the end of June.

Very good sign for bulls.

What we need to see another flush to clean out the early birds who picked the bottom and do not have the holding strength necessary for the retest of the low made in June.

Of course, people sometimes get lucky as it is possible for some worldwide crisis to happen in the near future driving gold price higher without a pullback. But that is not the norm and not something we can depend on.

A even better sign for bulls is that Paulson and Soros giving up all their gold holdings, turnaround to short gold and publicly pronounce the death of gold. That will be a good driver for gold going up to $1600 quickly.

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