gold, page-122103

So my belief of imminent new record highs appears to have been dashed as the Bankster operation to smash gold continues unabated as the 5 minute indicates. Friday was a continued liquidity inducement for the broader game while blasting gold lower. Not that the broader game required much inducement as it was broadly oversold. The liquidity inducement would appear to have run its course and shorts have covered so we'll see where we go from here.

A 5 minute below from the major spike on the jobs announcement and then the major attack, cap and strait jacket operation all rolled into one with the operation ongoing.



A daily on gold as the Banksters force gold back down to the $1980 level once again. Their aim is no doubt to push it lower especially in the interim as the Middle East war situation bubbles below the surface so we'll see how they do.



GDX courtesy of the Banksters.



Oil price chart with the ongoing Bankster operation in full view.