What is certain to be come the powerful and indiscreet operation against gold continues without remorse. Today's panic selling which should push gold's WA TA below 6%, a reading lower than 8% - the lowest low generated at the height of the 2008 financial panic, illustrates the power of margin clerks. Margin clerks a swing a very big stick today.
An headline crossed my trading desk this morning - watch for signs of hedge fund dumping gold; be certain that this story wasn't written by a margin clerk. ,,,