06 December 2011

Gold Daily and Silver Weekly Charts - Another Bear Raid Down to Support That Fails



There are a lot of 'fingerprints' on the tape these days.

The bear raid in bullion diverged significantly from the miners this morning, as the wiseguys were playing the old fake 'em and take 'em on the public.

Intraday commentary on that topic here.

What next? The markets are looking for a BIG move on Friday based on European headlines. They may not get it, whatever it turns out to be, but if they do, go with it.

There is no better way to divert an abused public than with bread, circuses, and a rising stock market, IF you can afford them.