GOLD ACTION NOW! ALGO GOING WILD?? HELP

[link to goldprice.org]

Anyone confirm this?

Keeps trading 1667.05 then trades at 1664 (with a trailing stop lower) then back up.. repeat...

Use the 1min view to see it clearly...

Use 1 min view to see...

Just stopped bang on 23:00 GMT....

... anyone got other live charts of gold to confirm that it isn't an error with that particular live chart?

sold several OZs at 1700, we'll see it in the 1400s by Summer.

It appears to me that this current "Spike" is coming back to earth. I mine gold, so saying this isn't really like doing a happy dance... Gold at 1400 oz is a lot less attractive to dig than 1700. Placer gold was at 1200 anyway vs refined.

This is a manipulation by the TPTB and an opportunity to keep stacking.

Sure looks like it...

Looks like some algo was booking a $300 pre spike and there were 20 spikes per minute for 45 mins.... you DTM!

Back the truck up. PMs are the one market where when the evil powers that be manipulate it, stackers win.

PMs have been a store of value for millenium. they are portable. they never degrade (you dont have to maintain them) and they are generally not taxed like a house or a car.

if TPTB make it cheap, they are hurting themselves and helping us.

and just where are you finding dealers that are discounting due to this "drop"???, please do tell

non of my sources are budging?....

[link to www.apmex.com]

Juist J.P. Moran naked shorts taking advantage of the Holiday Season to screw the market in another way, as they KNOW that their SEC CRIMINAL FRIENDS will do NOTHING in response.

HEY ! Think of how much of OTHER peoples money they can rake in !

The thing to understand about naked shorts on PMs is that it takes a huge ammount of benny bucks to push prices down. This is a double win for the stackers, as PMs are intrinsically a hedge against benny bucks, but when they manipulate you get a double payday.

Also, they generally don't tax PMs yearly like a house or a car, so you are getting a tripple pay day.

Its almost too good to be true. why does TPTB let us stackers get away with it?

my understanding is that APMEX will "Hold" any transaction when pm's move "too much"....they'll take your order alright but will cancel it before shipment if the prices move back up...

Gold drop may be associated with MS having to liquidate their position in GLD to redeem shares in their "Welth Platform Unit" which they are closing and having to sell assets in.... ???

"Morgan Stanley's Wealth platform unit has finally, after months and months of considerations, pulled the plug on the fund that for the second year in a row is one of the three worst performing in the weekly HSBC report and is now redeeming."
[link to www.zerohedge.com]