Don't be fooled by gold's continued mid month dummy runups.
It's the manipulators favourite tool to continually crush the price of gold over the longer term.
What they do, create a dummy rally and mainly in the same months pull the rug from under your feet and plunge gold back.
This in effect prevents gold going into a new monthly high.
Not saying they will do it again this month, but this a heads up warning on how the game is played. The harder the run up and subsequent mid month plunge, the more they wreck it.
New monthly highs is what the market wants to see, once momentum gets underway it becomes more difficult to suppress the upward move.
Heavy profit taking at tops is where the trends reverse and easier to manipulate down again.
That's why I mentioned some posts back that December was a write off, very difficult this month to get gold above November's highs.
