Gold climbed a big stair to $331 or so at noon in New York today and then flatlined for the afternoon, as if the price-setting powers had dug a new trench in their retreat. Those who disbelieve manipulation of the gold price should take a look at today's chart and explain the calm equilibrium that developed as suddenly as if someone had thrown a switch.
Well, GATA is not going away. We'll keep pounding on this stuff. But let's enjoy, as the first of many, this little rout of the bad guys, which came about exactly as our friend Jim Sinclair, CEO of Tan Range Exploration, said it would, at exactly the price he specified. Maybe the great Kipling poem below is the one to celebrate with.
