Thursday, February 9, 2012

Gold Capped at $1750 4 Additional Times Today

Live New York Gold Chart [Kitco Inc.]The cartel's firm cap of gold at $1750 remains humorously obvious, as gold has been driven off of $1750 4 times this morning.  You can clearly see at least 11 occurrences of cartel capping at $1750 just since Tuesday!
Clearly $1750 gold is of HUGE significance to the cartel, as a strong move through this level will send gold to challenge last August's all-time nominal high of $1910.

Today's capping action:

Live New York Gold Chart [Kitco Inc.]

And the 11 occurrences since Tuesday:
Live 24 hours gold chart [Kitco Inc.]