Back to the usual nonsense as the fraudsters entered the game just after 12.30 pm AEST and took it down to the $1700 level and kept it around that area into the broader market opening from where they let it go back up to end up back above $1720. Overnight gold indices closed with mostly marginal gains and enacted daily outside reversals to the upside as they began the session from a very weak start due to the "interference" in the gold price. Ordinarily the upside reversal usually means further gains but in this game they really don't mean anything. When you consider that there is next to no physical gold or silver available in volume then its not too difficult to conclude that the "establishment' price of gold and silver are as corrupt as the garbage that runs this broken bankrupt so called political and financial system. Daily technicals on gold indicate a slightly below neutral bias while the weekly tell us that they remain very weak to well oversold. COT report indicating another 15,000 or so commercial shorts covered which is a tad disappointing and still leaves the structure way out of whack. Silver remains similar. The yield on the long end continues to rise with a new closing high for this swing and as the fraudsters meet next week to discuss policy we'll find out how much pressure will be applied by rising rates into the meeting to force Powell's hand. The fraudsters will no doubt be keen to keep a lid on prices into their meeting so the 17th is when they announce the results. Last week was indeed better than the week before in most cases and the latter half of next week may well be better than the first half. We shall see. Just another week in the rigged casino.
