THE PUMP & DUMP

                                          Yes Kitty It’s Real

As gold spiked higher this morning after the bogus government BS GDP report, I had the gnawing feeling the market was being set up. We get these $4 - $5 price spikes in a microsecond and then a few candlesticks later …..

Are the Central Planners going to allow this and we end up with a strong Friday close?

“C’mon vegas, you know better than that.”

“Boy, I sure do.”

And while the public is buying with abandon above 1660 all the way up to 1666, it all goes away in a microsecond with the $5 drop at 8:45 A.M. [Chicago time]. Welcome to the pump & dump: Friday Edition.

We’ve seen this before; some days it’s almost surreal, as if you have been in this nightmare before. Oh yea, last week, and the one before that, and the one before that, etc. The charts look soooooooo good now; reversal off the bottom and strength into a weekly close. Got to be higher next week.

Well, maybe we are higher next week, but before you pick out the color of that new car, just remember what has happened every other time we have gotten a nice rally in the last 4 months. The Central Planners are going to stop you out.

We are quickly approaching a “moment of truth” in gold. If this current rally doesn’t hold, and we break back down into the 1620’s I think the market is in deep trouble and could see prices below 1600 faster than you think.

Don’t think too hard Thinker Kitty.

Meanwhile ….

 It’s time for the Friday Chuckle; below with no comment needed. It speaks very well for itself.

Have a good weekend everyone.

-vegas