Jim Sinclair says the Cartel is attempting to close gold today below last Friday's close of $1006.
They gave it the old college try at about 10 a.m., but something odd, to us, keeps happening lately. Everytime gold gets whacked, it comes back up.
We've all read the articles lately about China putting a floor on gold. Seems to be very true. The Boyz haven't been able to gold out to the woodshed for the usual beatings.
To the same token, China isn't causing the gold price to sky rocket, they just appear to be pissing off the Boyz plans. The U.S. Government has been making China angry a lot, so it sure looks like China is killing two birds with one stone over and over: 1. China wants gold at current prices, and 2. China buys on each dip the Boyz create, putting the squeeze on the Boyz ability to control gold, showing who's really the boss.
Terry
Today’s Games At The Comex
Posted: Sep 18 2009 By: Jim Sinclair Post Edited: September 18, 2009 at 11:07 am
Filed under: General Editorial
Dear CIGAs,
The game being played today in paper gold on the COMEX is to try and close it lower than last week for technical analysis purposes. The dollar will be the determinant of if the Gold Banks have their way or not.
Regards,
Jim
