You got one part right, friend: you didn't bet on it.
The reason why you didn't bet on it, was because you recognized the likelihood was infinitesimal.
Charts no longer mean anything. At all. Because the banks aren't even trying to hide the rigging anymore. They're buying everything people are throwing at them. As of last Tuesday, the banks were only net short in gold and silver 1.2 to 1. That's the least short they've ever been, on record. Ever. Banks are buying. They're not selling. Their algos that simultaneously make and cancel sell orders are so quick, they trip the sell stops of longs going down....over and over again.
Shanghai imported more than 300 tonnes of gold in March....and yet this month they've only imported 1.4 tonnes. Why?
Why did the HKMex just default on physical delivery, cash settle, and close down ALL trading?
Because there is NO GOLD to deliver in size with a 13 or 14 handle. None.
This is rapidly beginning to happen in silver too.
Charts and TA mean nothing, because the inmates run the asylum.
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