So corrective action as gold is pushed back down below support.
I was privy to the action (encased in blue) as these guys worked gold lower in heavily orchestrated action in conjunction with futures and the $USD. There was no outright smash attempt. This was an orchestrated grind down meaning that these guys appear to be restricted in their behavior in that they cannot afford to face serious Futures backwardation less the Comex is targeted for delivery.
Looks like things are tightening up.
Same activity in the $USD as the algos appear to be collared less they get "too excited" as it is ground higher from the lows that coincide with the gold highs.
Slight pullback from the GDX overnight which was down to gold price action which was also par for the course for overnight golds..
Looking at the broader game and this is a major fail for "our friends" as the pump turned to shit and the Dow blows down below through its 200 day ma leaving a massive wick behind as it closes on its lows. Ditto for the rest of the majors and the Nasdaq as it hits its lowest point since early July..
These guys have got a lot of work to do.
Fraudster meeting next week and much more of this and Tapering, well, what was that.
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