Paper Tiger Operation

The paper tiger operation on gold and silver continues to run stops and shakeout weak hands. State of the Union address, another series of large bond auctions, Fed meeting, and basic (interpreted as not the only) seasonal tendencies for gold & silver - see chart, adds up to shooting fish in barrel. Keep your eyes peeled for bearish gold comments from Prechter on the newsfeeds. It would seal the fate of another paper tiger operation.