gold price, page-11

Most assuredly this has been a large co-oridinated take down of gold by a very desperate NY Fed. The USD and thus interest rates are tied to Gold/Silver. This action not so much to stuff around with folks investments, but a defense of the USD.

Jessie explains it simply..
"I have assumed from the beginning that it is the Fed’s concern with the dollar because the dollar is being printed in huge quantities at the same time that other countries are abandoning the use of the dollar as international payment.

The exchange value of the dollar is (being) threatened, and if that collapses the Fed loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail."
http://jessescrossroadscafe.blogspot.com.au/


But it is this following news that I find very interesting that if accurate ( and it is from somebody who certainly knows the business) is very actionable.....to wit....

"Maguire - There Is Absolutely No Physical Gold For Sale"...

"So I give it (at the most) two to three days before this has a massive rebound effect, and the short fuel above the market now is at absolutely unprecedented levels.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/12_Maguire_-_There_Is_Absolutely_No_Physical_Gold_For_Sale.html

SLR will take a dive next week for sure....and I wonder if the Fed's proxies have finished their attack on Gold/Silver... is for me quite tempting to put in a very low bid for SLR and some of the silver miners on the basis that they will tank because of the massive take down but would recover to normal and maybe more, if the above information works out.