One would have to be lounging in a warm dryer to have missed them. Judging the quality of explanations for today's weakness in gold, Mr. Budder’s favorite lounging spot is quickly losing elbow room.

A massive wall of paper supply illustrated by collapsing money flows (chart 1) and lease spreads (chart 2) will be protecting the flanks of the economic illusion until November 6th. It's all part of America's new iPad App called "Worry Less, Spend More, and Vote For Me"

Short-term paper shenanigans won’t dissuade big money interests from accumulating weakness for a New York minute, but if that's what it takes, go ahead and fool the fools.


Chart 1: Gold London P.M Fixed and Gold Diffusion Index (DI)


Chart 2: Gold Lease Spread Composite (GLSC) and Gold Price, USD


Commentary:

There were three body blocks Today at cash gold $1775.

Some political party does not want a run to $1900 plus going into the election.

With this clear intention to hold the line, $1775 gains significance as a manipulator’s line in the sand.

Gold and the euro are holding hands in the same direction.

http://edegrootinsights.blogspot.fr/2012/10/mr-budders-has-right-idea.html