by Gary Savage, Gold Seek:
General rule, breakouts will happen when the least amount of people are expecting it.
I’ve mentioned the cancellation index before, it’s kind of a proprietary tool. It’s nothing really special. It’s just the amount of people that are getting frustrated and canceling their subscriptions and this always peaks right before a big move.
For Gold
So, that cancellation index, obviously it spiked right in here; this is where the cartel really died. They’re not dead, but they’re just not going to be able to suppress price to an integrated extent anymore. They tried multiple times here to drive gold back below $2000, but failed to do it.