Thursday, May 24, 2012

Looks like they are setting up a smash and grab in gold

/ES is building a nice triangle/flag right on that 1300ish support while gold is struggling to hold the 1550.  This leads me to believe they will take /ES down hard just to run the stops below 1550 in gold and when she breaks it could be pretty massive. I have no doubt that the CB's will accumulate on the collapse in price.. or so I'm thinking.

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