it's starting to look like 2005-7 again. this is from one of gata's contributors:
"The shorts are screwed here. Some of them may be carried off the Comex/LME floors on the GATA stretchers."
Well, well, well … finally, this is a day we have been waiting for and EXPECTING. With 90% of the gold/silver pundits looking for a correction, both gold and silver EXPLODED, and did so on the GATA schedule. One more time … those saying gold was overbought failed to take into account what GATA knew … that gold was UNDERBOUGHT thanks to The Gold Cartel and their limiting daily gains to 1% per trading session.
I mentioned "a day" above rather than THE day. Why, because yes, the 1% price-capping we have seen time and time again on this move up was shattered, but the Gold Cartel’s old 2% Rule of the past was the name of the game today. At gold’s high today, it was up 2%. When THAT Rule is shattered, it will tell us The Gold Cartel has totally lost control of the gold market.