Gold Crashing June 16th, 2016

by Martin Armstrong
Armstrong Economics

QUESTION: Marty; This pop in gold smells like another manipulation. Everyone was saying Soros is selling everything and buying gold. They seem to have gotten the bugs buying with two hands again and they sold it to them. When will these games end? Ever?

ANSWER: No professional trader would EVER divulge his position unless he was trying to exit. Gold did not exceed the technical analysis resistance. It is so easy to get these people to buy the highs every time. That is how manipulations have always worked. They are to the upside, not to the downside. They need volume to make a profit. Never to simply suppress a market with no volume and no profit.

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