A 2 minute of yesterdays action indicating totally orchestrated activity from our friends as induced volatility along with a carefully controlled mini smash at quarter past seven making sure of an non backward dated situation (encased in blue) staying in place. Gold was then allowed to rise into the broader market opening and then worked lower from there to make sure that the share side of the gold spectrum suffered heavily.
Gold is now down to test main support of the smaller range at $1828.985
The GDX below tells the story of "our friends" interference.
A daily on gold below indicates corrective action as "our friends" elongate the cycle with their interference. Nothing new there.
Looking at the broader picture and the Dow below continues to crater as do the other broader averages. They are now into oversold.
A short covering rally is no doubt on its way. But from what point??
The fraudsters meet next week so they will no doubt be pulling out all the stops to get the rally happening before their meeting gets underway.
At least this week was a bit more interesting in this rigged casino that is euphemistically called a "market".
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