(12-3-13) At our sister site Insider Intelligence.com, we have been recommending for the last 30 days that traders remain short the Gold, Silver, and Sugar, as we have been, under the guise that Gold is coming down for a test of 1200 and the Silver is coming down for a test of $18.
The reason why this is happening is because the Unwashed are pulling money out of all the commodity ETFs, Gold and Silver most notably, in order to pile into the S&Ps.
The Unwashed are coming out of the ETFs -- at a loss, as they always do -- and now they're piling into S&Ps which of course are at record highs. However the CNBC Grand Council of Shills, led by Cramer and Liesman, are promising the Unwashed that the upcoming Santa Claus rally will take the spoos into ever greater heights of bubbliciousness and therefore buying the spoos is a no-brainer for the Unwashed. And the Unwashed are listening.
It should be noted that the Unwashed are always looking for the "no-brainer." The problem is that the shills that tell them what the "no-brainers" are in financial media have no brains themselves.