Gold thrives on fear so the move today is counter intuitive to say the least. But fear will bloom and so will the precious metals in the days ahead.

Remember, the FED intermediaries like Goldman and JP Morgan are mega short and probably have a deal to cover all the Canadian houses and Hedgies that short and naked short the shares. So, my bet is, a sharp and dramatic move down will then be followed by a substantial move up. This move is a last chance for the criminals to cover so it could last days but no longer, because to hold gold down for longer would be require metal they do not have and risk that other geopolitical events could unravel world confidence dramatically and allow markets to spin out of their control.

All theses shorts have to cover. So the take down will serve this purpose. The Japan event is the black swan event and will have far reaching effects that are not even known at this point. This next move up will be historic, but not until all the criminals cover.