Now that we’ve gone from breakout to epic manipulated fail, As usual, support doesn’t hold when they do this, so I have no clue whether we head back down to 220 – 230 OR fiddle fu*k around here before in a small bounce.
I guess they can take the HUI all the way back to 135 and probably will if the DOW crashes. All gains from the recent rally gone in two weeks.
We used to hear how they needed to shake out the weak hands. Unfortunately, we’ve seen this so many times and this appears to be different and as always, charts are useless.
They’re buying up bonds today as 10 yr. is back below 3% – 2.96. USD flat.
Nevertheless, here they come, selling a modest bounce already. Platinum having a good day.