It was critical for the banking cartel from preventing the gold price from breaking out to new record highs and I warned traders last week to get out of leverage.
Price manipulation around COMEX option expiration is something we've been following at TF Metals Report for over a decade. Maybe this post will alert you to follow the monthly shenanigans going forward.
This is just consolidation phase before the next big one-way price move. Momentum and sentiment is very bullish. There are buyers on dips in gold, silver and copper.
Friday's action was negative for both gold and silver. The US$ Index put in an outside reversal day to the upside while silver put in an outside reversal day to the downside. Have we topped in gold and silver?
