London just hacked gold at the open sending it below the key $850 level. Similarly, the USD just received a phantom boost just near the usual and quiet time of 3:00 am EST. This tactic was employed much since July 2008 but had recently faded away. It always amazes me how key resistances levels seem to be much stronger than key support levels, at least in the "free" markets of the West.

We will see if the NY cartel can carry out their tag team play over the next few minutes. Lord knows they have had practice!

Regards - VHF