A 3 minute on gold shows the heavily orchestrated attack and cap operation by "our friends" from before the Fed meeting.
Now the nature of their operation may have changed but when they still have the ability to smash and hold the gold price through a different manner then nothing has really changed.
Buying gold ETF's here and you are essentially buying a paper Futures contract that doesn't expire and without the leverage. The custodians of ETF's do not come close to fully backing their product with physical and any physical they have will no doubt be used as they see fit.
This thing is 10 times more crooked than a dogs hind led.
Below is a 5 day on the $USD showing it grinding higher as it is used to grind gold lower.
Below is a daily on the $USD which is unfortunately barely discernable but it shows a back test of the previous upside break and now a new break higher.
GDX below indicating more pain.
A daily on gold indicating a minute change occurring but the big picture remains the same.
A weekly on gold showing nothing has changed.
So far we have a massively orchestrated 2 day smash. So we shall see.
