The Phaserl


Gold Slamdown Deja Vu

from Zero Hedge:

It appears Mikael Charoze (remember him from the list of “people bringing you your daily does of ‘currency manipulation'”) is bright and early in the BIS’ Hong Kong office delivering the daily dose of “sell” to gold futures markets everywhere. As JPY strengthens on risk-aversion among the carry crowd, Gold spiked up to its highest since June 7th (at $1,407.42)… but that cannot stand so it was smashed back down in an almost perfect replay of last night’s price action back under the all-important $1400…

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