>>>Because gold can be manipulated down, that means the US...

>>>Because gold can be manipulated down, that means the US economy is OK<<<

They're doing a pretty damn bad job of then. From $253 to a high of $1910 in 10 years.

I don't buy the manipulation garbage and I certainly don't buy and sell on speculation of announcements.

I buy based on what I know. What I know is that the Fed has said as of last week NO QE in the foreseable future.
What I see is a "descending triangle" that is a continuation pattern of the trend from Septembers high which is, until proven otherwise, DOWN. Yes mate, lower lows and lower highs constitutes a DOWN TRENDING market.
Descending triangles are "bearish patterns".
Gold failed to hold the 50dma, gold daily cycle has turned down.
The Fed will not announce QE3 anytime soo because there is NO justification for it and what is it going to achieve?....rates are already at record lows.

You choose to ignore what is in front of you in favour of what may or may not be announced then at some point you will pay a very high price.

Cheers