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Gold goes above 1240
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They screwed up. Backwardation is going to be a bitch today.
Looking like a bubble to me. Yet another reason to stick with physical rather than try and fuck around with this.
Look closely at the charts. I mean really closely. They are "blocking" the trades. The bailout has made it necessary to move a lot of gold. So they are going to let it go up 20 bucks a day probably till 1320 then massive concentrated short it in the end if they have anything to do it with. You are seeing this in currencies also as they tick tock back and forth. You are watching an entire harvesting of all those cash for gold sites and stores get spent all at once on something other than manipulation.
A boat full of gold is going to have to sail to keep china and japan from nuking the bond markets. If I'm right market ends at $1260. If im wrong it breaks apart and ends at 1300 plus.
G.O.L.D.