The gold market ,like all other markets,is manipulated .That is how Reserve banks"manage" economies and how big players make billions.
However,the degree of manipulation ,of markets, has now got into unchartered waters...eg interest rates in the Uk at the lowest ever,and that is going back hundreds of years.
This means that we live in a very unusual period and things may not be as they seem and are very unpredictable. It is why someone like Soros recommends a large holding in cash.
In these times, capital preservation is the main goal.
All this has been said many times,but it pays to revisit it as the juggernaught rolls on to where, after 5-6 years of manipulated "recovery"?
For myself,I am hanging onto my gold positions...long term.
