Well $1750 is the name of the game at this point in time as a 5 minute chart below clearly shows. The action here appears to show consolidation around this area. This week coming up we have the end of the month shenanigans by the BIS (bank for insidious settlements) so more volatility should be expected by the criminals running this nonsense game. I mean really, how can it be possible that gold and especially silver be at these totally artificial prices????? There is only one answer, its called corruption. Anybody who says gold doesn't care about inflation or is not an inflation hedge doesn't understand this game. Quite simply gold and silver have been unable to overcome the corruption being inflicted upon them by the central bank and ruling class. Not yet. Things are changing though because the game is ultimately backed by physical metal and demand is growing every day from all corners of the globe as this totally corrupt system continues to sink deeper into the cesspit that it has become.
The COT report indicates commercial shorts covered 25,000 or so contracts into Tuesday but the short interest remains massively out of whack. Silver remains an increasingly different story though as commercial shorts covered another 13,000 plus contracts adding to the indicative bullish price structure. Technically gold remains weak in the short run with room to run either way. Same with silver. So we might see some more weakness this week coming and the risk of a major attack on gold to cover more shorts certainly exists. The chaos predicted years ago has been around for a while now and will only increase although most people remain completely clueless of whats happening and will probably remain that way until they are clobbered over their noggin. Ignorance can indeed be blissful, until reality interferes. With the manner of whats happening in the gold game as the criminal class ramp up their onslaught, we are moving towards the end of the end game and it may well be in the coming weeks. If not then by the end of the year. Only the guys running this corrupt nonsense know.
