Gold Takedown by the Cartel Ahead of the FOMC meeting...

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Gold Takedown by the Cartel Ahead of the FOMC meeting...

posted on Aug 05, 2008 06:44AM

...this afternoon at 2:30 PM. Totally predictable. If I had to guess...gold heads north again toward the end of the week after the FEDS "no call" on rate change today. In a perfect world gold would make a strong rebound Wednesday and Thursday...and then we would get good "Cheese Toast" news out of Venezuela Thursday at 6:30 PM EST setting us up for a vertical pre-market spike on Friday...continuing with strong buying throughout the day heading into the weekend and continued strong buying until we die of either old age or just from being too stinking rich!