Morning Pic. I'll paraphrase what I posted on Monday. As long as the cabal has to defend the huge OI at and above $1200 in May options gold will not likely go above that level. They have made the pounding I predicted in my post (little risk ) as they have done uncounted times in the past.

OE is early next week. The paper hangers will do everything possible to keep the price of gold below that level until the May paper is off the board. BIG money knows what is going on. Why wouldn't big money interested in pms let the criminal element drive prices down? It allows them to buy at lower prices and hope that they can get some physical out of the action.

This has nothing to do with technicals, charts, fundamentals, it is simple manipulation and we have been seeing it for years. The criminals still walk the streets and go to their computers each business day to do their dirty deeds.

It is likely that next week we could see the metal climb start again. The damage to the pm shares could turn back up, but take a while longer to reclaim the pre-decline levels.