from ainsley bullion company today - re china, page-25

"I no longer subscribe to the conspiracy theory surrounding the gold price smack down. I think it is coming from the chase for yield in an environment where bond and cash rates are so low."

Check out this chart of junk bond yields, which have continued to collapse since late 2011. It's crazy stuff but explains why gold has struggled. For gold to change course this trend will need to reverse.

"The BofA Merrill Lynch High Yield Master Index II yield – just a smidgen above 5%. We have arrived in financial Nirvana."

http://www.acting-man.com/?p=23101#more-23101