xjo weekend zoomba lounge, page-88

Falls in gold were on the cards since that big climactic bar on the 9th August, that was a sign of weakness and regardless of the action since that has prevailed and the selling has continued since then and formed a distribution phase for gold. Just because there was weakness in that bar it didn't mean gold wouldn't continue up a bit and its done so because the smart money need to be able to sell at higher prices so the price was kept up there. Now they are done for the time being the price is now allowed to drop. In similar fashion we are seeing the inverse on the markets, that huge volume on August 9th was strength and even so there was massive buying in there it doesn't mean the prices may not still continue to drop below that August 9th bar. As I've said all along that would cause a massive shakeout and allow the smarties to pick up even more cheap stock. Lets face it if they are doing that they are expecting higher prices. We shall see!

Cheers!