Gold – the final bubble, page-839

1FOR

Im no fan of the controlling institutions and I hope someone takes them down; however it is very unlikely to happen if they are backed by the US Fed.
Simply put the COMEX POG is set for the benefit of the London/NY Gold pools aka the LBMA.
These are pretty much the same players that set the POG in the twice daily London Gold Fix, the same London Gold Fix that was recently found to be corruptly fixed and the banks responsible fined.
Probably cost them a weeks profit if that.
To put it in a nutshell the POG will be regulated from NY/London until it serves their purpose to either let the POG go or to change the POG. No amount of buying has changed that yet, it is too easy to use paper contracts to keep the POG to their liking.
That is the story and the only story in Gold.