We continue our Nevada eduction segments with a history of mining in the state
Gold is continuing to slip off the edge as of Monday23 February after almost holding $1200 last Friday:
http://1000gold.blogspot.co.uk/2015/02/gold-is-slipping-on-edge-of-cliff-on.html
Is eveyone having a day off on Monday – there is no show as of yet.
Gold slipped to $1191 today so far, near the bottom of its downtrend channel and breaking below $1198, the 61.8% Fibonacci level and support channel for the recent rally and a longer term support as described by Gary Wagner on Kitco last week.
I do note that I think that Doc mentioned $1190 one of his interviews last week: if so then he is spot on so far, yet again.
The gold price action today since the breakdown to $1190 is uncannily similar to a small scale version of the entire rally and correction since November 2014, real self-similar fractal stuff seen on the charts:
http://1000gold.blogspot.co.uk/2015/02/fractals-in-action-uncanny-similarity.html
No wonder the Telegraph won’t touch gold price suppression
By: Chris Powell, Secretary/Treasurer, GATA
For starters, its owners are heavily indebted to a bullion bank.
Dear Friend of GATA and Gold:
If you’re wondering why mainstream financial news organizations refuse to report the biggest financial news story in history — the rigging of all major markets by Western central banks — another reason has emerged in the last few days with the resignation of the chief political writer of the London Telegraph, Peter Oborne.
The Telegraph is a great newspaper with a wide scope, the standard bearer of the British Conservative Party, whose reporting is often cited favorably by GATA and frequently has been brave, as when a couple of years ago it exposed the scandal of expense padding by members of Parliament, including Conservative members.
But the Telegraph won’t touch surreptitious intervention by Western central banks in the gold market any more than any other respectable Western financial news organization will, and departing the Telegraph, Oborne complained that the newspaper had gone soft in its reporting about a big investment bank that is a major advertiser, HSBC. Reports about Oborne’s resignation are collected at the Google news archive here:
I love the fact that you see these little tiny green bushes about two thirds the way around the panorama. Lush scenery! It shows that t’s a serious business going to these remote places to get minerals out of the ground.