There was zero doubt that the pawns were in place for this smash. If you look at this 5 minute chart, there is very little volatility right up to the Fed announcement which was 2 hours before the broader market close.. On the announcement of jawboning nonsense bonds were hit and the dollar was ramped and gold was smashed into the close. Now the blue circle signals the broader market close and note that the smash continued after the broader market close into the gold close 1 hour later. I have never seen such selling pressure in the after hours market on gold before. This indicates the desperation of our "friends" to paint a different picture from that of actual reality. US golds overnight mostly down around 2% or so meaning they don't seem too concerned.
Below is a daily and the horizontal line is main support at $1796.76.
Bottom line here is that this is just another smash, certainly not the garden variety but one that is far more organized and set up to create fear and anguish amongst holders. Ignore it for what it is, just another game by these clowns presenting another buying opportunity. The only time to be fully invested in this game is when the techs are at rock bottom. Buy weakness and sell strength. Speaking of techs and they are very close to being oversold on the daily and weekly stochs are finally out of overbought. Less than 2 weeks to the introduction of Basel 111 rules. The volatility is ramping up.
