A 5 minute below of yesterdays action paints the picture of the game as any upside action was beaten back down to continue to "hold" gold around the $1800 level.
The fraudsters announce tonight at 4am and its difficult to see a hawkish statement considering the weakening economy so the "hawkish" scam they pulled on the announcement of the June 16th gold smash is unlikely to be repeated.
So where does that leave these clowns? Are they just going to be left hanging on to the coat tails of $1800 gold or do they have another "trick" up their sleeve.
Its all in limbo at the moment as we await the next "game" to be played.
Just in case anybody needs a reminder below is the June 16 smash lasting a couple of days
Below is an updated trendline chart on the daily.
Blow is a daily on silver which is weaker than gold and techs are moving into oversold so a bounce will no doubt arrive at some point. Whether it begins tonight or not remains to be seen.
Below is a weekly on silver which paints a consolidated process which began almost a year ago.
So far they've managed to keep the price "tamped down"
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