More gold manipulation?
posted on
Nov 28, 2012 01:22PM
Gold $1720.40 OFF $21.40
Silver $33.76 OFF $0.29
Stories are circulating that the CME has gold delivery problems so what better time to wack gold? The CME says they can't make delivery because their depository facilities in New York next to the NY fed have water problems persisting from the past storm. Really? Seems that the facilities of the NY fed next store have no problems what so ever. Anyway, gold had just traded above its 50 day average and was looking too good, so why not hit it? Silver is much stronger holding above its recently bettered 50 day average line at $33.21.
It seems this environment was too much for Probe to hold ground on good news so someone seized it as an opportunity to either short it or go into cash. PRB is just taking a normal breathing session within its own bull market and has just started its battery recharge for energy to facilitate its next upcoming move higher. It's just a matter of time. Scale down buyers will join in celebrations when the next up spike comes around. Stand strong.