gold, page-98333

2 minute showing the failure once again of the fraudsters to smash and hold gold below $1800.
This was a big effort, biggest so far with no cigar.
Commercial shorts continue to add to their massive lopsided shorts according to the COT.
Next week may well decide the answer as to the short term direction of gold.
There is no doubt that these guys will put massive pressure on the gold price in the same manner that the political class is putting massive pressure on people to take the "experiment."




The reason for gold holding up so well may well be down to what Andrew Maguire calls the arbitrage trade where if the futures drop too far below spot then it creates an arbitrage by buying futures and selling spot.
Pushing futures lower is no problem for these guys but spot is a different story and recent history has taught these clowns a serious lesson as there is a lot of buying power waiting in the wings for such an opportunity.
One day in the not too distant future the straw will break the camels back and when it does people will need to be prepared.