Gold Plunges To Lowest Close For A Month

Posted on Posted in Daily Blog Post

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Gold starts moving down for the final run. So, where do from here?

I always tell my good friends that Gold is a commodity that can be easily manipulated downward because the volume in term of value traded is relatively small as compared to other markets such as FX and Stocks. What you need is one large selling order- I have seen it over and over again whenever the price drop starts to trigger the critical support point. You can see the chart above in 30 mins time frame. When 1352-1355 is violated, price plunges quickly to much lower level without giving much time to you to act. Who is in action? By now, you should know who is in control...who is the manipulators...For those who follows my newsletter or blog should know who I am talking about.

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Click here to read more http://blogs.marketwatch.com/thetell/2013/09/12/huge-gold-trade-trips-circuit-breaker-prompts-20-second-halt-nanex/

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