Gold Daily and Silver Weekly Charts – The New Normal

from Jesse’s Café Américain

Probably the smartest thing that the public can do, in the US and the UK at the least, is something that changes the basis of this ‘new normal’ that the professional plutocrats find to be so comfortable for themselves, if not for their broad constituencies.

Gold took off higher today and cracked up above the 1300 level.

And it had run quite far in a short period of time, and those who trade the precious metals like paper currencies were seeing some nice opportunities for a quick whipsaw, and they took it.

So in a fairly short period of time gold was smacked back down about $30 intraday as the algos did their thing, and the thin specs started taking profits and then dumping positions.

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