Shakedown in Gold Leaves DaBoyz on the Ropes

Gold’s after-hours swoon Wednesday night looked like a sleazy attempt to shake down widows and pensioners. At the moment, however, DaBoyz seem to have trapped themselves, since the rally from the manipulated low at 1335.60 has yet to get them back to the air pocket’s starting point. I am still expecting more weakness to at least 1301, basis the June Comex contract.