from TF Metals Report:
The new week begins with some pretty volatile trading.
Last night, I suggested that The London Monkeys would likely raid gold and silver at their usual appointed hour today. Sadly, they didn’t disappoint and price fell back some $20 in the American wee hours of Tuesday. Then, just when all looked lousy after the Comex open, prices shot higher and the June13 actually had the audacity to briefly trade above $1400, reaching a high of $1400.80. At that point, The Monkeys struck back and painted a lousy-looking FUTF on the charts. Nuts.
Oh, well. At least we now know where we stand. Ole Louis Braille himself would be able to see the clear capping effort now being made at $1400. The stage has now been set for this week’s battle. We’ll have to wait to see who wins but we should have some indications by Friday, at the latest.
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