Do you think Clive Maund is referring to the criminal J-Tribe? I always wonder about the Long-term Precious Metal investors... what do they think about the J-Tribe's control of "markets" and "governments" in the larger scheme of things? It seems they will get close without naming names except for a select few like Bob Moriarty.
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On www.clivemaund.com (http://www.clivemaund.com) we don't subscribe to the David versus Goliath nonsense.
This is because in our experience Big Money almost always wins, which is hardly surprising given their extensive network of connections throughout the banking system, governments, the markets and policymaking in general - they know what's going down and when. Even when it looks like they are going to lose, as during the banking crisis of last year and early this year, they simply push the bill for the consequences of their excesses onto everybody else. We therefore aim to align ourselves with them as much as possible. You have as much chance of winning when you oppose them as a hedgehog has of making it across a freeway south of Los Angeles. Bearing this in mind the latest COT chart is, or should be, disconcerting for bulls, for as we can see the Commercial short position exploded according to the latest data, which does not include the last 3 days of last week, so it can be presumed to have climbed to even higher levels as gold finished the week at a closing high. This means one of two things - either Big Money are going to have their heads handed to them on a plate as gold breaks out and rockets higher (historically unlikely), or the average investor in the PM sector, egged on by the plethora of bullish gold reports doing the rounds, is going to end up as roadkill before much longer, which could involve a false breakout to new highs and a concomitant explosion of Commercial short positions to an even greater extreme. The silver COT chart is even more extreme. Our tactics are therefore generally to remain long but to protect positions either with close stops, which before the Triangle breakout were just below the support at the apex of the Triangle for, but should now be raised, or with out-of-the-money Puts. This position will be reviewed if the COT structure becomes even more extreme. An additional factor that needs to be taken into account by PM stock investors is the increasing likelihood of the broad stockmarket breaking lower as it is now approaching the apex of a bearish Rising Wedge pattern and the time of year when investors are most prone to get jittery.
http://www.safehaven.com/article-14466.htm (http://www.safehaven.com/article-14466.htm)
Clive's review is the first use of technical descriptions which wasn't a technical nightmare.
Otherwise, every single one of these technical market review-types have started off on the wrong foot (reminds me of so-called 'Modern Physics').
It has made their technical outlook meaningless.