1. Daily gold gains are capped at 1 percent (limit up) or 2 percent
(expanded limit up).
2. Gold isn't allowed to have any follow-through rallies.
3. Gold is attacked at specific times -- 3 a.m. ET, pre-Comex and Comex
open, NYSE open, London close, Comex close, 6 p.m. access trade open, and any
opportune, thinly traded access markets.
4. Gold is attacked on all significant government data releases, especially
the monthly nonfarm payrolls Friday report.
5. Gold is attacked on any ordinarily bullish news -- war, turmoil, economic
crises, and Wall Street jitters.
6. Gold is attacked on all significant Comex option expiration and
first-notice days, assuring that the maximum number of calls expire
worthless, mitigating deliveries.
7. An attack on gold is frequently signaled by attacking either silver,
HUI stocks, or both.
8. Flash crashes with no corresponding explanation always keep speculative
longs stopped out or in losing positions.
9. New York and London are the centers of gold price suppression, so the
London PM fix will be lower or no higher than $5 from the AM fix.
10. Comex margin changes, both higher and lower, are always to the
detriment of gold longs.
11. Gold is never allowed to anticipate any bullish developments, nor is
it allowed to be a barometer for currency largesse.
-----
James McShirley writes for GATA Chairman Bill Murphy's
LeMetropoleCafe.com.
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