Wednesday the FOMCdelivered minutes from the last Federal Reserve meeting. The minutes were aboutthe same as usual -- a lot of words that said nothing or confirmed how cluelessthe Fed is. When the minutes were delivered at 2 p.m. EST, markets had a verymuted reaction, but gold found itself under pressure.
For 20 minutes, thesellers were back, and gold fell about $10. However, by the end of the day,gold rallied all the way back as if nothing happened. Gold sold off again overnight,testing Wednesday's low before once again rallying back to near the unchangedline.
The metals nowappear to have put in near-term highs and should be headed lower, with a highprobability of testing the lows that were made three weeks ago. Bitcoin hasstabilized, central banks are in full manipulation mode, and the currency warsare heating up.
Contributing tokitco.com
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