Hi Nonic, it certainly does appear that the NY mob has by far the greatest impact on the gold price. They were trying to push it down but each time it didn't go down as far. They may have decided it's time to push it up - to what level? Perhaps 950. They may then pick a point to start profit taking and shorting heavily and then try to crash the price as far as they can, perhaps back to 900. Then the whole charade starts again!
It's possible they don't really care what the price of gold is as long as they can make buckets of money playing with the price.
There appears to be little doubt that we are still in a strong bull market and the NY mob may just have caved into the reality of that for the time being.
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Hi Nonic, it certainly does appear that the NY mob has by far...
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