Gold February 6 2013 April Gold -$2 for spot
Daily Bull/Bear pivot zone = 1674-1678 (ideal 1676)
Weekly Bull/Bear pivot zone= 1665-1669 (ideal 1667)
Tuesday low 1667.20 April gold was right at ideal Weekly Bull/Bear Pivot
Thus as long as we are above1667 Bulls have advantage.
It looks more likely that it would rise to 1683.25 from 1664.71.
After which a downside move is expected.
After which a downside move is expected.
Gold was bombed to $1666 and silver was thrashed down to $31.54. Waterfall time again. The selling kept coming in waves, as The Gold Cartel made sure there would be no follow-through allowed after the price of gold had rallied two days in a row and was surging on the third.
As is so often the case, The PM Fix at $1673.50 came in lower than the AM Fix of $1678. The continued drubbing gold took following the PM Fix makes this a PLAN B attack by The Gold Cartel.
The gold market is the most secret market in the world. All anyone has to do to understand this is to ask a central banker to explain what their actual gold position is and what they are doing in the gold market. The Fed is the perfect example. GATA posed various questions to them in a FOIA request about gold and they refused to answer any of them, saying they were secret. Eventually they were compelled by the court to answer one of the questions.
I have been asked over the years to explain how The Gold Cartel’s orders flow and the answer is I don’t really know, except we know that one of their order centers is JP Morgan, especially as to their role in manipulating the silver market. Many of us believe command central is the BIS in Switzerland. As CP has reported of late, half of their trading profits come from their gold trading operations. Two of the leading figures in the suppression of the gold price were the Fed’s Alan Greenspan and Will McDonough of the NY Fed. Suddenly, both took seats on the Board of Governors in 1994, which had been against the wishes of the US Congress.
The main point of this is that the manipulation of the gold and silver markets has been done in secret, which is why it is so difficult to pinpoint in terms of specifics. What we do know is that the Fed’s bank, JP Morgan, is very much involved in the gold/silver price suppression schemes. Thus, it was with great interest to read the following this morning…
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
