The invisible hand which repositioned for a paper attack in gold and silver weeks ago is smiling again today. Its relentless effort to cover its short position here and now suggests something big on the horizon.

The current decline will end when either the paper supply positioned weeks in advanced is consumed by new paper demand, thus, rearranging control of the trend from weak to strong hands, or physical demand swamps paper supply. Today's decline under a general backdrop of panic suggests the former.

There's usually an earthquake(s) before the price eruption, so patience is the key. A close above the 50 percentile after the third "hook" often provides an excellent entry point for long-term investors.

Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic

http://edegrootinsights.blogspot.fr/2012/05/invisible-hand-smiling-again.html