pog looking dodgy, page-101

"The gold price has been dented by events like the possibility the Bank of Cyprus might sell off its reserves in April, which led to the metal losing nearly 16 percent of its price in three days' trading."

Last time I checked from Zerohedge, Casey Research and Money Morning, the selloff in mid April was by the bullion banks in the US in response to the request by Germany to the US Federal Reserve that they want their 321 tonnes of gold shipped back to them. I think this story has been seen to be the best explanation as to why the gold spot price has been smashed. Cyprus is a red herring, China and India madly buying gold is also a red herring.

I think basically the gold spot and futures prices are smashed and will stay down down like Coles prices because someONE is buying gold to fill a certain obligation...

And we are going to see gold continue to trade erratically until the fiat currency system breaks down... and I feel it is in dire straits.