This is one of those rare moments when the gold market has clearly acted in accord. Last night it re-tested the critical $430 zone. Much faster than anybody thought possible. Why did it act so predictably? As gold becomes stronger we can expect it to behave more in accordance with comman technical correctness than the manipulated goofiness of past years when it was clearly being manipulated. The size of the market is now too large to allow any fiddling by the back office boys. Everyone knew it had to retest $430 and so it did.
Expect shorts to be closed out today which I expect will make a great buying opportunity on Gold stocks. Dont hang around.
