A 1 minute with the main action coming on the CPI announcement which was above expectations. Normally gold would be whacked as it would point to a more hawkish stance from the Fed and an attack on gold would be launched. By the look of the chart Traders trading on Fed coattails expected another Bankster attack which didn't materialise forcing them to cover. The Banksters had already positioned gold lower pre announcement.
A 10 minute with the major Bankster smash in full view with gold remaining well constrained.
A daily on the game with the overnight bounce looking at this stage that gold will likely remain under pressure. We shall see.
GDX showing surprising strength all things considered. MACD beginning to turn. Maybe there's more too it. Decent volume as well.
GDXJ outperforming its bigger sibling which is a plus.
Daily on silver as it bounces overnight.
US Dollar moving towards resistance and starting to get ahead of itself by the look of it. We'll see if it gets to its 200 day.
Aussie gold $3,900, well positioned
