Updated

PRS LIVE#1 DARK HORSE SCENARIO TACTICAL GUIDE.

AGAIN, THE TRADE FOR PRS LIVE#1 IS BUILDING SHORT POSITIONS FOR MASSIVE RETRACE AFTER 9/05. HOWEVER, THIS IS A POSSIBLE BUT NOT YET PROBABLE OUTCOME THAT BC OF THE SIZE OF THE MOVE, MUST BE CONSIDERED FROM WHERE WE ARE STANDING.

How will we know if this is going to happen. First a new high IN BOTH SPOT AND FUTURES. A major sign would be future prices leading spot prices by the close of this week or 7/31. I will post the PIVO for all the players involved right below, this is one of the main reasons why I would watch out for this possibility. It is showing buyers overwhelming sellers in both futures and spot.

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Here is front month futures or GC1, look at the rebound in buying volume.

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THIS IS EVEN MORE PREVALENT IN SECOND MONTH, DECEMBER?, FUTURES:

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The third chart just now (right above) is XAUUSD froma

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typo* from OANDA.

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The fourth one I am not impressed with: XAUUSD from ICE.

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But I am with the fifth one: GLD. 10 in GLD is rougly 36 minutes in spot/futures hence the bar size difference.

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I will point out that the XAUUSD Instrument from ICE/IDC has not been signal for gold prices FOR A VERY LONG TIME in comparison to OANDA, futures and even the ETF GLD as of late.

THE COUNTER ARGUMENT IS SILVER JUST GOT MONKEY HAMMERED 14.5% LAST NIGHT. PRETTY STRONG SIGN OF A TOP FOR METALS.

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THE COUNTER ARGUMENT'S COUNTER ARGUMENT IS THE PRICE FRACTAL FROM 1980:

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2 MAJOR COUNTER ARGUMENTS FOR THIS DARK HORSE ARE:

1) Gold just doesn't break out in that manner. Gold does not have a history of taking out major highs on the first attempt (like it just did). So I'm not sure if that point is a great point.

2) Under current 2-day and 6 day regressions, that's too bullish for the curve right now and the 3-day and 9-day as well.

So what next? Let's see what happens next 2 weeks. That's all there is to it. If it hits 2300, mortgage your house and short it.

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That's a joke, don't morgtgage your house. Just trade in your car or sell blood.

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Either or... :)

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This is no longer the dark horse. This is close to a coinflip.

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PRS LIVE WILL BUY THE ENTRY 1948.5 ON WED 9.47 AM.

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I said that wrong: this is close to a coin flip but bullish scenarios AS A WHOLE is almost 2:1.

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AFTER FOMC FUTURES NOW LEAD SPOT!! BY $15!!

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