Silver & gold have been capped at $34 and $1775 once again on today’s COMEX open, silver was treated to a .50 waterfall decline precisely as it rallied to touch $34 this morning, and gold was sent back to $1765 just as it was preparing to take out $1775 to the upside.
After trading right at $34 through most of the Asian session, silver sold off on the LBMA open, and was again smacked down just after the COMEX open as it again neared $34:
Gold consolidated at $1770 overnight, and had just broken out of it’s consolidation zone and was running back to the critical $1775 prior to the attack:
We first mentioned the significance of a move through $1775 in gold and $35 in silver nearly 3 weeks ago now. The cartel’s actions over the past month have demonstrated just how crucial these levels are.