I'm waiting to see what happens at the NY close...and if they can hold their ground down here. Gold hasn't hit the $1380 support yet and should bounce off it and head back to $1420 and through to $1440 ish from what I'ver seen. But, with the G20 and the US wanting to bluster about a "strong dollar"...even for a day...who knows?
Can't imagine the increase in JPMorgan's/HSBC shorts here. These guys have stated loud and clear they are above the law. They are in so deep they cannot stop until it actually blows up..and everyone knows it. Every time for the last many months, one thinks they will back off, they strike again. Amazing! Even when cornered.
Can't imagine how happy some are at the opportunity to continue taking advantage of the physical price here ...like at least 1/2 the world. Wonder how many more hours it will take for the new "margin requirement increases" affect to be flushed out of the system?