The 3 minute hatchet job that clearly shows a cartel on duty :
8:26 AM: 1,926 shorts dumped (4 minutes prior to the more liquid Comex pit open)
8:58 AM: 1,903 shorts dumped (2 minutes prior to POTUS speak)
9:01 AM: 2,600 shorts dumped (1 minute after POTUS speak)
No other single trading minute today came within half of those volumes. Those 3 minutes accounted for $10.30 of gold's losses, and promptly sent gold back down again under $1400. As has been the case so many times in the past no other market reacted so violently. The Dow, Treasuries, the dollar, and crude were all steady to only slightly lower. Gold and silver were the outliers. If there is a cartel that is now "long and strong" they sure aren't too interested in maximizing their gains. The evidence shows the same manipulative, suppressing crooks we've watched for decades. I'd be interested to hear from anybody claiming the commercials (cartel) are now playing from the long side in light of these blatant price capping techniques. Could it be more or less agents of the Fed who, while exiting short positions, still intend to manage a retreat higher on the long side? That's my view
Got news for you PIO, Get use to it because you are going to have to keep up your reporting of this kind of activity for a long time. Come back tomorrow and explains this mornings action. Can not wait to hear it.