It seems that those who must be obeyed are sticking to the plan (that we outlined in our tweet from Friday).
Only levels that matter AAPL over $500, DJIA over 15,000, gold under 1400
— zerohedge (@zerohedge) August 23, 2013 [3]
Sure enough, minutes after ramping above the critical $1,400 level, gold has been slammed lower instantaneously, twice in the last hour, as a result of a rumored trade originating at the BIS (and specifically the desk of our old friend Benoit Gilson [4]) slamming down the entire bid stack in a desperate case of "banging the open", giving up gold's gains from Friday's close...
[5]
We suspect the night is young for this battle...