"This is an exceptionally good gold setup." Is it ever not?

I'm looking at long term price/volume chart. The bull(ion) run from 1999 to 2011 was accompanied by rising volume. Trading since 2016 featured all-time high volume that paused a 4.5 year bear market. Volume like this for 2.5 years that results in a slightly positive trend line is not indicative of a new bull market about to break out, but a bear market about to resume.

It's a controlled environment MS,Central Banks and their printing presses control gold (everything),they can if they want print up a few trillion and buy (via Cayman proxy) all the gold,silver in the universe,it is what it is

IMO at some point people will realize that as the dollar continues to get even stronger it will b.bullish for gold as emerging markets are already beginning to experience social upheaval as deflationary pressure from lack of dollar liquidity is making it almost impossible for their banking system to function with the extreme amount of dollar debt!

Mish, how long had those large specs been net short at the point you time you cite in 2001? That is relevant point in time to compare to today. Both bits of information would be great.

I find this focus on a single asset class misguided. What ever happened to diversification? Also, trying to time a breakout in any market is more luck than skill. How many times in the last few years has Mish said ”buy gold”. Probably too many to count. Eventually he will be right, but at what opportunity cost?

1050 again would be cool, some of us are still trying to build up our personal reserves. I've been just doing 1 oz. a year, holding back for years. Maybe higher rates will bring gold down like banksters say it should. The sentiment or whisperings in the brokerage houses are sell your gold now and buy it back cheaper later, only time will tell.