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Message: Re: Recent Rangebound Trading Theory
3
Apr 19, 2012 07:52PM
6
Apr 20, 2012 12:14AM

Keep in mind that there are G20 mmeetings going on, FED meeting next week and options expiry in gold futures next week. Now I hate this constant meeting crap stuff as much as anyone but the TPTB want things jst right around such events if they can manage it. They are having lots of trouble with gold as it simply refuses to go down much as thing mormally portends a big move up to relieve the pressure and let them build their physical gold supplies for the next stand and assault down the road.

But let's all keep in mind that that complete control was lost last year during the summer months and they have alawys operated in a controlled retreat fashion for the last 10 years and doubt that is about to change. This would bring $1900 into play as a minimum and $2300 if they lose control again in the next few months which they could given that it seems the market with Euro bank woes, etc. and debt crisis in the US and US dollar downgrade coming to the fore once along with a set-back once again in jobs build in the US as like last year at this time. It seems pretty similar to me.

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