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This is the week where both fundamentals and technical data dumps can have an effect on the cartel’s ability to smash the price of the metalsMeaning they will be able to strong arm gold and silver with ease.Let’s recap the fundamentals for the week.On Wednesday the markets are closed for Fourth of July.With markets closed on Wednesday, the cartel loves smashing around market holidays. Thanksgiving and Christmas are prime-time holidays for smashing too.Something tells me that the latter half of the week will see an increase in people taking time off to spend with families or on vacations.That said, there will likely be low trading volume this week, and recall that the cartel doesn’t need to dump as much paper to start the waterfall of selling, so we must assume they will not let the opportunity go to waste.Additionally, on Thursday, we get the minutes from last month’s FOMC.That is another trick the Fed manages to pull out of its sleeve each and every month. You see, they wait three weeks before releasing the minutes of the meeting. Obviously they could be released the very next day in the age of computing and telecommunications, but, and they won’t tell you this, but the Fed likes waiting three weeks before releasing the minutes because if the markets react to a Fed meeting in any bad way, well, they can just go in and doctor-up the minutes to convey a particular message.For example, if the June FOMC was perhaps too “hawkish”, which is the consensus, especially when judging by the decline in the Dow in the days following the June rate hike.So on Thursday when we get the June Fed FOMC minutes, there could be a “dovish” spin on them to help prop the markets back up.
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