So a 5 minute on yesterdays farcical game and it was a doozy. Aussie trade was volatile enough then 2 hours after the aussies closed up shop the Banksters came out swinging and launched a massive attack which continued down into the $2,330 area in preparation for the NFP operation which they "produced a headline beat" and charged the dollar higher launching their next planned attack on gold.
From what I can see the first attack during European trade wasn't planned as such in that the Banksters were side swiped by the gold price rise on the ECB rate cut so they had to improvise and improvising to the Banksters is simply smash it as we have seen numerous times before. Their aim was no doubt to get gold down to the $2,330 area before the NFP announcement.
I certainly got this wrong as I was also sideswiped by the gold rise on the ECB rate cut rise into thinking the low was in. I also thought that the criminals who run this game wouldn't pull a strong NFP stunt as it was just too farcical. I knew there was a reasonable chance that they would use the dollar to "control" the gold price and if you look at a 5 day on the dollar it was pulled lower into the announcement. Also the 10 year yield was pulled lower all week and bounced on the announcement. The short end of the yield curve has done nothing and continues to indicate the Banksters have no interest in "adjusting" rates.
A 5 day on the dollar with the launch on the NFP announcement
The headline says it all as this entire operation is to force the metals lower. It is still ongoing and will no doubt run into the Bankster meet next week.
A daily on the game and you can see the size of this farcical smash. When you are desperate man you do desperate shit. The spike low is on.
You can also see where the smash came from after the ECB sideswipe the day before.
I have never had my computer bombed so many times in one session, but considering the game they played it shouldn't come as a surprise.
GDX as it gets seriously Bankstered. You get that.
Silver on the daily with the same game against it.
The aussie as it takes a hit.
Aussie gold coming down to test early May lows. Still looking good.
