The link below is to a 5 year chart showing the 500 day(100 week) and 1000 day(200 week) moving average lines. The chart uptrend was clearly bullish until the banksters hit gold and silver and their closely associated buddies started their naked short selling spree in support of those efforts along with gaining short term advantages against us as our asset values sank.

All the selling in gold and silver and the related shares is greed motivated, clear and simple. With all government watch-dog agencies unsympathetic to our case of wonder, we will continue be required to watch in anticipation of this group's next anticipated moves during the short to intermediate time frames ahead.

The miscreant group that seems to work over the XAU Index regularly is again currently exerting pressure on the Index at about the 150 area in a day of higher precious metal prices. The group's last rigged decline was well planned ahead of time at the 165 level on the Index with the banksters, as world enthusiam for removing the Dollar as its reserve currency started to sprout wings in a meeting that U.S. officials were refused admittance to as "observers only" that took place in Russia recently between Brazil, Russia, India and China. What a slap in the face!

So the miscreants just keep painting the picture on gold and silver and the stocks to suit themselves with their paper exploits. Currently, the boys are holding the line at 150 on the XAU chart and weakness could follow. The banksters are probably having their little scheming impromptu cell phone discussions right now on how gold will be taken under $940 again. We'll just see what they can do. It just seems that when important chart areas and important moving averages structures are bettered they come with sirens and lights flashing to extinguish the enthusiastic buyers. I have seen this over and over again to the point where I refrain from alerting the group when significant levels are bettered to the upside. It's just a matter of time before the party-poopers show up to spoil everyone's fun and then over the time following they wring all the part-goers necks for attending. THIS IS PSYCHOLOGICAL WARFARE.

Without these intruders the XAU Index most probably would be significantly higher from its last sale of just under 150 somewhere. If patience were ever a virtue, it most certainly applies here. It doesn't even make sense to project future prices based on technical analysis or moving average line analysis which I like to do until the steaming tea pot of truth finally explodes establishing the price of gold above the $1000 level. When the day arrives when gold has convincingly bettered this milestone, it may be time for short and medium term bullish projections but for now, emphasis should be continued on identifying areas of their next attack.

If for any reason prices on the XAU chart becomes established above the 140 to 150 area, gold may not be too far behind from breaking loose of its chains.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=xau&sid=0&o_symb=xau&freq=2&time=12