Well.....

They did it again today.

Here's a headline.....Bank of England to get money-printing secrecy and link to a very gold positive situation. So gold reacts by selling off $20/oz. in a matter of a few minutes. Massive selling with no regard to profits...unless of course you are a short seller running stops. A brief pause for a few more suckers to enter and then another quick decline forcing the new buyers and a few more longs. Another brief pause, a few more suckers and then hit it again.

As Dan Norcini @jsminset points out people and particularly the funds seem to fall for this over and over and over and over again. Not only does this facilitate the gold bashers but it makes them profitable as well. When gold falls, the miners fall as well. What a sorry situation! Hopefully enough people will talk to one another that at stop can be made of this criminal intervention into the markets.

This time silver went along for the ride "er" make that slide. No perhaps dive would be better though it doesn't rhyme.

P.