I think the drivers of this are up front with their feet on the accelerator and their hand on the brake, just doin donuts and messin wuth us. This could just as easily be back at 17 again next week. Theres no noubt its being played with IMO now, and with no downward movement in substantial holdings of late then its just a case of when they decide theyve got enough and let it go. With rises and falls like this and no substancial changes surely it just gets stronger and stronger, seems they want it real bad.
It appears gold has made the 100$ retrace to $1320, and hopefully thats the end of the down move. A close for POG above 1355-60 should indicate as i hope that pog may be on the way up again when production starts.
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