On one hand, the bankers are being honest about having lost control of the situation; on the other hand they're being somewhat dishonest about the economy..
The euphoric US dollar rocketing stratospheric to extreme multi-decade highs slammed gold this week! That vertical surge ignited heavy gold-futures selling, hammering..
Gold appears to be in the middle of a bloodbath phase. Tends to run 5 - 7 days with some flat days. So looking for next week for a very good opportunity in metals.
But 85-90% of the time gold has been rising during the hours when the eastern hemisphere physical accumulators are trading and gets pushed lower once London and then NY open..
