Suspected hedge fund activity continues to suppress PM share values. In reviewing the gold/XAU ratio http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU this morning it was noticed in the last few weeks or so minor chart island reversal patterns have formed. This indicates a change in trend is in the offering. The last on the Index is 10.06, off .04.

In the past entries it was discussed that the most powerful of support and resistance level are 1, 10, 100, 1000 and so forth. Since the Index is right there at 10, it is suspected that the ratio should not widen further and a contracting of it should begin soon. Even the MACD indicator has broken down indicating the same. Usually, the funds chase these breakdowns with great vigor but why not in this case? Why haven't they closed the extended gap? When western central bankers got panicked over the reality of $1000 gold back in 2008 the range was just above 3 to a little under 6. In the few months prior to the beginning of the July collapse in gold and silver and related shares the whole network of miscreants were naked shorting massive amounts of each. There was so much naked shorting of PM shares that the top of the range yielded and following when the price collapse bottoms were reached, the XAU Index had broken 11. The low on gold during these orchestrated attacks reached below $750. When the haunted-house amusement park ride finished many naive investors were just skinned alive.

For a market to act unusual is supect of something bigger going on behind the curtain. In this instance, it is suspected certain hedge funds with their billions of available dollars have been promised a big payoff for rigging PM shares lower.

The "payoff" for their crimes against the public for political ends will probably be offered to them in their extended ability to acquire foreclosed homes at great discounts, at taxpayer expense, to be packaged in the form of REIT's to be sold back to the public.

This continuing tragedy with help from the investment banks is all being made possible because there is a middleman between you and your money. Basically, the public trusts these people with their money and in return, they slit your throat.