“Gold is in a downtrend with a bearish pause — the odds favor lower prices despite the bullish narrative.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
Again, it is in a downtrend. It has a bearish pause here before potentially breaking down in a much bigger way.
Both the long-term and the short-term trends are down for gold. The odds are it's going lower. It doesn't matter how much you love it, how good the fundamentals and the story is for precious metals, and debt and currency problems, all that. It doesn't matter because price is how you make money.
The structured call
The receipt
The claim is anchored to the moment it was said.