Sure looks like the cartel banks are giving gold one last severe hammering to flush all they can before gold moves off higher. I suspect the physical martket buyers will stop this decline even if it takes a few days but this what Sinclair has always warned about, being whipsawed if your let them. This would jive with these same banks being very short the dollar as it moves higher as per the data. So they hammer gold and cover and maybe start to go long then they finaaly suck enough dollar longs into the trap and tyhen crush them making big money on the gold and the dollar trade. Both isdes of the trade are winners.

We must rememeber these banks layer their buys and sells and look for averages and they can take weeks to prepare the money making trades or momentum shifts. Tape painting is their specialty and they are very good and retail investors or trader types are their meat.

To fight them in a secular gold bull makret investors must trade from a solid core position as they do and that means buy the weakness they create like now or sell some of the strength as Sinclair suggests but always around a large core position.

This BTW is what the CFTC and government should be preventing the banks from doing with their proprietary trading desks and hidden derivatives actions. The volitility they create can be numbing on occasion nas they intend. They want people to make bad decisions and sell the weakness as this makes them money.