gold, page-130740

So we are in for an interesting 24 hours along with the rest of the week as Trump gets inaugurated.

A 15 minute below with the massive Bankster capping operation enacted on the CPI announcement after which it was worked into the lows. I haven't seen a capping operation like this before. Its normally a major attack to smash gold lower right off the bat. One wonders if these objects are setting things up for Trumps coming.




The two previous highs are where the Banksters smashed gold lower from and its difficult to see them allowing gold to rise through them without a fight.




A 5 minute with the Bankster operation that began just before Noon Friday New York time ongoing with a few games this morning as we wait for volume to ramp up.



COT report indicating a net 24 thousand or so commercial shorts added putting the overall structure well into heavy negative territory. Considering gold rose from the cut off last Tuesday then we can only assume more shorts have been added.



Nothing is written in stone until it happens but maybe a bit of caution in the short run is warranted. We shall see.
$2696.05 remains main support on the weekly with $2703.57 on the daily.