Despite another tag team take-down by London and NY this morning, gold buyers rebuffed them again at the $1140 level. The cartel may try again to crack this line of defense but one wonders how much ammo is left after their recent co-ordinated raid. Continued support at $1140 will solidify a short-term bottom and embolden new bulls to enter the gold market very quickly. Time is not on their side.
Regards - VHF