Hey look, you know I do not wear my tin foil hat when I trade. Gold's chart has been telling me for months that there is a good chance of a dump down to just below 1000. In fact, we are well on the way since the target was set. But that's what a chart is for; to filter the noise and not care about the why's or what for's.
On the fundamental side, there is serious drama playing out and a thin layer of industrial metal fitted atop the cranium might help deflect some evil rays. I have been critical of GATA and other entities that stir gold bugs' oh so stir-able emotions. But in light of the Ponzi scheme that anybody in their right mind should know are modern currencies of confidence, this interview on King World News is must listening in my opinion.
We are in Wonderland and there are some corrupt entities writing the story that many take for granted as "the market".
See the Andrew Maguire/King World News Audio linked here.
Before I take off my tin lid, I will again remind you that forces are at work - whatever they may be; technical, manipulative, or just fate - to separate people from their free-willed ability to protect themselves against a terminal system.
