Gold: Up Periscope! For the Moment it Doesn’t Like What it Sees

The gold price gets summarily reversed after mainstream financial media touts

Why of course the MSM noticed gold’s flirtation with all time highs. Click image, get article (which I have not bothered to read).

I would not call it a setup for a smack down as if someone planned it. I would call it a typical and hard ‘sell the news’ event. Nothing more, nothing less. Meanwhile, gold went up-periscope to look around at the blue sky before submarining back below surface.

The reversal is completely logical and frankly, needed.

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