Gold Jumps To $1255 As USDJPY Pumps'n'Dumps

Business as usual this morning. In order to sustain the dream into the US Open, USDJPY was ramped - running stops to 108.50 to ensure the smoke-and-mirrors gains on another Italian bank bailout rumor enable just the right amount of reytail traders to get muppeted.


Once the open struck, USDJPY dumped sending Gold soaring back above $1255.


It appears Goldman's "dubious advice" to sell gold was indeed "dubious" after all.


But it's not just Goldman, here is The Wall Street Journal last Sunday...




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