Thursday, September 8, 2011

CNBC to Trot out Triple Top Callers by Tomorrow?

Live 24 hours gold chart [Kitco Inc.]Whelp, as Peter found out by crying wolf one too many times, the only problem with shouting double top from the propaganda pulpits is how exactly do you denigrate said asset (gold) when it returns to challenge the previous "double top" within 24 hours from the manipulative take-down when you sold 700,000 oz of gold ($1.316 Billion) in a single minute to paint your pretty double top chart?

Triple top?

Gold is already back to $1865 and preparing for its 3rd assault on $1915, which once broken will take us to G2K almost as fast as the $50 drop in mere tics early Wednesday morning.

$1.316 Billion dollars of gold intervention only buys the cartel roughly 24 hours these days apparently.

Live 24 hours gold chart [Kitco Inc.]