The New Normal
Unable to take it anymore, Turd lobs out a rare, Sunday night post.
The new normal: Carpet-bomb the metals anytime volume is light, regardless of conditions in other markets.
After a positive open across the board for "risk assets", only gold and silver have turned sharply lower while stocks, crude and the euro have each held their gains. This new normal was mentioned by Chris Martenson, in his latest, which was released this weekend:
As it pertains to gold, Chris says this about the action last Thursday evening:"Gold was mysteriously sold in the thinly-traded overnight markets and again right after the announcement in large, rapid HFT blocks that swamped the bids." We're clearly seeing this behavior again tonight.
I have no idea what the rest of overnight trading holds and, frankly, it doesn't matter. At least not as it pertains to this post. What is clear is that The Gold Cartel no longer cares about appearances. They simply sell and manipulate whenever and wherever it is the most advantageous for them.
Paper trader beware.
Physical buyer rejoice and keep stacking.