Malicious Intent!

Bottom line- THEY  are so desperate to keep the illusion alive, THEY pull shit like this. THEY are throwing the kitchen sink at the markets now. The price of GOLD has bottomed and it certainly had momentum going, to take it above $1600, make no mistake about it! Here is the daily chart including yesterdays price plunge.

I have seen a ton of BS thrown at GOLD in the past 13 years and days like yesterday should come as no surprise. First let us start with this, you can read this link if you would like but I know the rest of my post will be of much more importance to you.
http://www.foxbusiness.com/markets/2013/04/10/goldman-sachs-lowers-gold-forecast-for-2013-2014/

You can get the gist of the story from the headline alone. If you are involved in the markets for any length of time, I am sure that you understand by now that Goldman Sachs pretty much runs the financial world. If you do not understand what I am saying, please do some homework and see how many US officials are former GS employees. We are not talking mid-level employees either. I will not say much more other than PUPPET ON A STRING!

WE started the day with Gold holding its gains from the Friday US employment number for the 48 hours that I was waiting for and Gold was trading right around 1580. First thing in the morning the media touts this Goldman Sachs story and then the FED minutes, which were to be released at 2:00 in the afternoon, grab the attention with an early release at 9:00 AM. Newsflash at 8:55, the minutes will be released at 9:00 AM because they were released, by accident, to government officials the day before. No worries though-the mistake was reported by the FED to the SEC and CFTC immediately.
This is the world we are living in my friends.

As this starts the day, how in the world do you explain the 150 point rally in the Dow Jones for the day? All that is wrong with the economy is a distant memory and the public has no clue what the heck is going on behind closed doors. Now worries, keep buying stocks because all they do is go up! That is a great strategy.

It is an ILLUSION and people are going to get blindsided when the wheels come off this thing! One more thing that I want to leave with you is the chart on the US dollar

If all was healthy with the US, the currency sure does not see it! All upside momentum in the DOLLAR seems to be waning, LOOK OUT BELOW! Europe is a disaster and look how the EURO is trading above 131 today. I really do hope my point is coming across to you, what you see in the markets is a manufactured ILLUSION to hide the real problems we have. It is one big charade and THEY are in all of the markets-stocks,metals,bonds,currencies and even oil. They are juggling and THEY are very good but even Babe Ruth had his bad days!

Goldman Sachs will be proven wrong in a big way! I stand by my statement that the bottom is in GOLD at 1539 and we will win this battle royal at the 1550 level!

Keep your wits about you and enjoy the day!
Martin