Well, well the mechanics appear to be going a bit awry as gold breaks higher a littler earlier than was projected.
Are these jerks coming under pressure they are finding a little too hot to handle.
A 5 minute below indicates the action as a feeble attempt to attack was brushed aside.
Now the reasons for the strong gold move occurred just after the jobs announcement because the $usd began to fall and so did the 10 year yield.
This simply means the fraudsters had it all set up and decided to allow gold to rise.
Monday morning will be important to see if they pull any stunts as is their habit from time to time.
Below is a daily on gold showing the break higher.
Below is a daily on the GDX indicating no break higher and far from it.
If the upward move in gold is confirmed next week then gold stocks have a lot of catching up to do by the look of it.
Below is a just released COT report indicating commercial shorts added another net 25,000 contracts continuing to ridiculously lopsided levels and if gold rises into the Tuesdays cut off date for the report then then one can only assume that many more shorts will be added into higher gold prices.
If this COT situation is legitimate then it may mean that rather than gold going nuts, the gold game may well be shut down and revalued higher and the decks cleared.
These jerks will have some sort of plan as they come under increasing pressure to allow gold to rise.
We shall see.
