Gold & Silver Crushed Back Towards June Lows

Gold & silver have been monkey hammered this morning on no news, with gold slammed through support at $1250 gapping down to $1230, and silver smashed back under $20, with a last of $19.55!
With Bernanke’s last FOMC meeting coming next Tuesday and Wednesday, it is appearing more and more likely that the cartel is preparing to attempt to force gold and silver below their June 28th lows of $1178 and $18, and initiating a cascade of algo stop selling.


Silver smashed back under $20, finding support once again near $19.50:

Gold breaks support at $1250, but again refusing (thus far) to break below $1230:


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