Another strong day for the cartel.................

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statesidereport

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Another strong day for the cartel.................

posted on Sep 09, 2009 01:16PM

Pushed down gold with a collapsing USD. They know that 90% of PM investors are technicians not fundamentalists and if they can keep this up for a few more days, PM investors will be selling everything in sight PM related on the failure to crack $1,000 again. When I first got into the PM's in 2005, I was amazed at how many of the newsletter writers focused exclusively on charts much more so than any other sector. Of course the cartel knows this and will hit gold at just the right time to get them to surrender.............of course the Chinese could care less about charts and will buy up everything the sector will unload if we fail $1,000 again.