Well, Here We Go…” All remaining credibility will be lost as the world finally recognizes that there is no plan and there is no normalcy.”
By Craig Hemke
GoldSeek.com
Tuesday, 15 September 2015
We’re off and running in what will surely be a week not for the faint of heart. If you like volatility and uncertainty, this week is right up your alley. Fortunes will be made and lost while my cute little stack of gold shines in the sun, indifferent to all of the Keynesian madness.
As this pertains to gold and silver, here’s what you must remember. The only reason there is a TFMR is because of our recognition that the precious metal “markets” are wholly manipulated by the trading desks of The Bullion Banks, often acting as agents for the devious Central Banks. So, as you look at the charts, you must always remember to look at them through this prism. Ask yourself, what kind of picture is being painted in order to “trick” the other market participants (Specs) into taking the position that the Bullion Bank desks would like them to be in?
With this in mind, let’s examine the charts below….and let’s be clear about this…they are undeniably bearish. Though gold is up a couple of bucks today and clinging above $1105, this is mainly due to a mildly strong yen. Nothing more. As sentiment ebbs and flows through the week, gold will slip back below $1100 as the yen trades back lower. The intraday breakdown below $1100 back on Friday nearly assures this. Below $1100 and only gold almost certainly tests the $1080 area where it had found support back in July. It is very hard to imagine that gold won’t come close to testing $1080 sometime before Friday morning.
The Rest…HERE
