GOLD

[Aussie]

Quite a battle last night. Look at that 860 line. 3 days in a row of relentless defense. Gold clearly wants to move higher but is being deliberately capped. Anyone who does not believe that the gold price is "managed" needs to open their eyes and do some investigating. 860 is a deep line in the sand for the gold cartel. Every rally was met with selling action. This tells me that gold is at a critical juncture. A pop above and it should be propelled into the 900's, a breakdown from here will slow things down . . . there is a lot of positive price pressure if the bulls can push it through. Let's hope.

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