Any investor that adjusting long-term investment strategy based on daily noise will find his pocket picked by the invisible hand. The Fed minutes was just another excuse/trigger within a orchestrated transfer of control.

The transition between the D-wave decline and A-wave advance is characterized by headline disinformation that hides an orchestrated transfer of control from the weak to strong hands. The sharp contraction in open interests or big toilet flushes of control confirms the setup (chart 1). Contracting lease spreads (headed towards positive territory - chart 2) and statistically concentrated DI readings (chart 3) reflect accumulation despite the headline noise. The Sheeple driven almost entirely by emotions distribute while the invisible hand accumulates. It's all smiles behind the curtain.

Chart 1: Gold London P.M Fixed (Gold) and the COT Futures and Options Open Interest Stochastic Weighted Average (WA)

Chart 2: Real Gold Lease Rates (1-Month LIBOR less 1-Month GOFO) and Gold Price, USD

Chart 3: Gold London P.M Fixed and Gold Diffusion Index (DI)

Jim asks when the Sheeple will learn? My answer is never.

Jim writes,

When will the Sheeple learn? The MOPE news comes out that the gold banks are entering the market, offering more for sale than was mined in the last 5 years. Everyone stumbles over themselves trying to sell ahead of the gold banks, down gold goes (today to $1640). Following this, the covers take place not by the gold banks, but by the brokers for the gold banks not always in the futures market. The US economy is bottom bouncing. There is no major recovery coming. In fact the opposite sits right in front of us. The only reason car sales are up is that they are giving the credit away. My dogs have a good enough credit to buy a Cadillac Escalade. Please read the following and learn.

http://edegrootinsights.blogspot.fr/2012/04/when-will-sheeple-learn.html