Original von Aladin
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GO GATA!!!
The manipulation of the price of gold ought to be apparent to even the lamest of the gold market pundits out there. What happened late last week was beyond blatant and most infuriating. Today brought more of the same.
Gold was due higher this morning, yet came in stronger than anticipated, which is a rarity. It quickly took out key resistance at $440, when The Gold Cartel went into action, not just once but twice, each time gold took out the $440 level.
The obvious concern of gold market bulls, like mysee size of the open interest short position. Each time gold takes out $440, the cabal and friends load the boat on the short side as the specs get longer and longr. The Gold Cartel stops rallies cold as the dollar weakens, etc. As soon as the dollar picks ups its head, the bums go after the gold price with a vengeance. This is the game they have played for years, each time hoping to turn the funds into sellers as the moving averages go negative.
gold time bomb they created is ticking against them. Gold will eventually make its big move towards $500 per ounce and then $1,000 per ounce and more as the cartel forces get shorter and shorter. It HAS to happen that way.