gold, page-128618

Looking at the share market freak out that appears to have concluded and the reasons for the freak out appear to be the lack of a move down in rates by the Fed when the market was telling it to cut even though they forced yields lower across the curve. The market was heavily overcooked and looking for an excuse to correct so the Fed gave it to them.
The Japanese debacle arrived as at the same time they raised rates from zero to 25 basis points and claimed they would cut bond buying operations. The same situation sat with the Yen from a technical perspective but instead of being overbought it was heavily oversold so a "feather that broke the camels back" situation arrived and "things got rebalanced".
It might well be back to the normal game for a while. The Iranian situation is obviously the "Elephant in the room" so any Ponzi speculation might be somewhat muted until we have more clarity on Iranian intentions.

A 1 minute on this mornings Farce with a gap lower opening.



Here's a 30 minute on the game and the Bankster smash that created the low as gold cannot be seen as a monetary safe haven while the Broader game takes it on the chin. After everything settled down then the Banksters allowed gold to rise.