I just want to toss this around. I think this take down was a calculated gamble that may very seriously backfire. Simply because The system is now being played by larger, than us (I mean us not U.S.), entities. The last one 2006 was mostly us. We don't have big money. A senario:

There was a lot of volume today however, desperate short selling will produce the volume as well as capitulation. Reading the cafe it seems alarge number of shorts were coverd yeasterday. Why wouldn't they have waited until today if they knew a big drop would be in play?

Because they didn't know it would be this big. So I offer up this idea Yesterday the big bulls kept up a good amount of buying pressure. Then this morning they cleared most of the bids. As you said GWR the street has been waiting for the drop to 920 +/- some. What a better way to get it down and let the cartel pull off one of their normal predictable tricks

MajorD; You brought up the option expiry date and how the takedown arrived a day early. The Cartel is aware the bigger players know the game. So they plan the attack early. But the other team was actually ready for them because they saw the action coming 2 days ago. So instead of getting caught buying all the way down they step aside and let the cartel drop it. So instead they have all the planed purchase money to buy even more gold. So the Cartel cheers and thinks they won. But any good stratigy allows the enemy to become confident then you pincer them.

Just my museing (! hour later and we broke the $930 down trend)

Reg Mills