Business as usual this morning. In order to sustain the dream into the US Open, USDJPY was ramped – running stops to 108.50 to ensure the smoke-and-mirrors gains on another Italian bank bailout rumor enable just the right amount of reytail traders to get muppeted.
USDJPY completes infamous "stops taken out" formation
— zerohedge (@zerohedge) April 11, 2016
Once the open struck, USDJPY dumped sending Gold soaring back above $1255.
It appears Goldman's "dubious advice" to sell gold was indeed "dubious" after all.
But it's not just Goldman, here is The Wall Street Journal last Sunday…
Hmm..
via Zero Hedge http://ift.tt/1VirQpV Tyler Durden