It looked as if it was going to explode. Then something weird happend, and the physical retail market totally disconnected from the CRIMEX. Similar with gold.
If I was a bullion bank and millions/billions short gold, what would I do?
I would create a massive paper sell-off, and then I would send some of the crooks who work for me into forums and let them pretend to have superior TA knowledge so that all the insecure suckers would follow them...
It's all about expectation management. The crooks want to destroy proper expectations. Like, another bank goes bust, and gold sells off etc. People always need others to follow. It's so easy.
The fundamentals will rule. Maybe sooner, maybe later. The important thing is to be patient.
EDIT: Should this post be in the conspiracy thread? I don't want people to think I'm a nutter.