"It's hard to swallow that these charts are evidence of a free and efficient market," Taggart writes. "Otherwise, a pattern this predictable would be quickly removed as traders and HFT algos piled in to a 'sure' bet.

"Instead, this is behavior one would expect to see if powerful interests wanted to suppress the price of gold: Hit the price hard and early at the start of the trading week to prevent the price from building upward momentum, as well as to make capital think twice before entering the gold market.

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