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Well, the bombers are active so we'll just have to see how...

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slange

10,388 Posts.

4021

01/04/19

11:24

Post #: 37948783
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Originally posted by slange: ↑

So here we are at the beginning of the another week in the "gold game"
Now on Thursday gold was bombed into the BIS options expiry for Friday, being the last Friday of the end of the month.
On Friday there was no bombing,just mostly capping to keep under 1300 for options expiry.
Now considering all the nay sayers of gold manipulation prattle on about central banks not being interested in gold, what is the BIS who just happen to be the central banks central bank doing actively trading in the gold market.
Normally if Thursday is a bombing run then Friday is also which leads to more of the same on Monday.As Friday wasn't bombed then the chances are today will also be more benign.
They will be in the market but probably not as active.
The reasons for owning gold become more obvious every day as the western world descends into political chaos and the economy's around the world are keeling over with interest rates at historical lows and the whole system being kept in its zombified state with massive debt creation.
If debt creation stopped the whole thing would just disintegrate.
Bombing gold lower is becoming more and more difficult as demand for physical rises so this week looks good from my perspective.

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Well, the bombers are active so we'll just have to see how active they get and see if the big boys enter the fray.
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