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China Pumps & Europe Dumps As Gold Stalls At Key Technical Level
Gold had a busy night as China's significantly weaker Yuan 'Fix' sent the precious metal higher top test the 200-day moving average and Europe's open (Asia's close) sparked a modest flash-crash retracing the entire move.
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You can always rely on the EU/USSA banksters to naked short gold lest anyone figure out that their fiat paper currencies will eventually revert to their intrinsic value of zero.
This HAS to be criminal. What does CFTC actually DO? The manipu;lation has become SO blatant it is difficult to see how CFTC can ignore it. There is one purpose, and one purpose only, of dumping naked shorts at 3AM on Globex, and that purpose is to push the price down. The best we could hope for by way of an answer as to why this is NOT criminal, would be an admission that The Fed/BIS/ESF are behind the selling but even that would be progress as it would get it out in the open at last?
Yes, phil, we can do something!
Quick Chief! Go to the roof and light up the Comb Signal! Captain Unactionable Faggot Wild Hair will see it and come to our regulatory rescue, along with Ginsler, the noGoy Wonder.
I agree it's beyond doubt now... you could set your watch to this shit.
But it's not criminal if it's authorised by government...
"...gold stalls at key technical level"
"Stalls." HAHAHAHAHAHAHAHAHAHA
Appears to be unstalled at the moment.
Silver breaks out above the 200 dma today. It has hit and slightly broken the 200 three times and been thrown back each time forming a triple top at about 16.10. "There are double tops and sometimes triple tops but there are no quadruple tops" This time when 16.10 comes around it will just explode on through.
Must....keep.....gold....suppressed.
Gold could still have some more upward movement on the medium-term, short-term some resistance can be expected though.
http://tripstrading.com/2015/10/12/gold-breaks-out-of-declining-trend-ch...
Signals for Silver are quite bullish
http://tripstrading.com/2015/10/10/silver-wave-4-in-play/
what an amazing insight you have.... *sarc
Signals? Medium-term upward movement? Short-term resistance? That's hilarious. Thanks for the laugh this morning.
Buy the dips. Keep stacking beeches.
So am I correct in thinking from the data of the chart that china wants gold vaue to rise while Europe and the usual wall street boys are trying to supress the gold price?
Yes but gold didn't go up because China "wants it to" even though it is in it's interest. China devalued it's currency, this sparked the market to buy gold. When the European market opened "suddenly" the market felt this was a reason to sell.
Must be Belgium throwing it's weight around again! /sarc (ECB + FED + BOJ tagteam beatdown!)
right on thanks for clearing that up for me
1175/16.01