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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Harmens who wrote (5773)	4/6/2013 5:26:16 PM
From: Robov	1 Recommendation Read Replies (1) \| Respond to of 14245

The Gold Cartel didn’t oppose the rise in the price of gold on Friday. Well actually Harmens they did off the initial surge rally at the 8:30 BLSBS job's number release. Here is a 1 minute chart and a 5 minute chart and both show by the long wicks at the top of the of the candles followed by the red candles that that rise was clearly met with opposition & a flood of sell orders. Had those orders not been there IMO gold would have surged dramatically higher than it did. And both charts show that off that initial rise price was very deliberately and clearly met with your usual not for profit sellers keeping a lid on price until it was *allowed* to rise further at around 12:25 then once again capped at the 1580 level. I also agree and commented in an earlier post that in spite of the rise in the PM's I was disappointed with the lack of subsequent action in many of the miners and the fact that a number including the GDX/HUI/XAU all finished in negative territory on a day that saw gold rise more than $28. Any time I have seen this disconnect in the past it has almost always resulted in a raid on the metals the following day or in this case the Monday session. I guess we shall see soon enough. I also indicated that on all past rallies the Cartel/Fed/BB's are always standing ready as the short sellers of last resort on each and every rally. The weekly COT always lays this out as well because what you will see is that as price rallies from week to week the COT will show an increase in commercial shorts put on to *control* the rise. The pattern that I have watched for the last 2 1/2 years that I have been following this market is as such; At the top of the price range (1800) the commercials are always heavily short while light on their long positions while the L & S specs are heavily long and light on the shorts. The commercials will then often use their HFT's to flood the market with sell orders while at the same time pulling their bids especially through key support or MA levels where they know the specs have a pile of sell stops which of course cause these downside waterfall decline and in doing sheer the sheep. As price drops the commercials are buying to cover their shorts while adding long positions. Meanwhile the L & S specs are forced to puke their long positions as the cartel runs the stops. As price moves down through certain MA the hedge funds then turn to going to the short side, while giving up their long positions. The commercials continue covering short positions and adding longs and when they covered enough of their shorts, added enough longs and they have sucked in enough sheep on the short side and relieved them of most of their long positions to the downside a bottom is reached such as we are now and the process begins all over again with them squeezing and sheering the sheep as they drive price back up and once again being the short sellers of last resort on the way back up. This is the pattern I see and yet the sheep keep getting sheered each and every time and the commercials always win. Why the L & S specs keep allowing themselves to be suckered like this is beyond me, but I guess that is why they are called sheep.