Kina125125,think that your comment is basically right,but it's...

Kina125125,

think that your comment is basically right,but it's not just in the Fed's interest alone to see a lower price of gold.

The Bank of Japan is also printing money like there's no tomorrow.Their government debt is already out of control.

Any increase in the Japanese bond rate will have dire consequences for their economy.
A falling gold price makes it easier to hide REAL inflation.

Last but not least it was Mario Draghi from the EZB who really pulled the trigger on gold by announcing that Cyprus needs to sell at least part of their gold reserves to receive bailout funding. Why not let them sell their gold discreetly & get a good price for it. (the marked would have easily absorbed it.)

By making this announcement he made sure that Cyprus got less $US or Euro for their gold. WHY??? Who's profiting from this???

It also puts a question mark on the gold reserves of Greece,Spain, Portugal & perhaps France as well.
Are they being forced to sell as well???
Would be a lot of supply coming on the market.

He just destroyed with a single stroke investor confidence into holding gold investments.
Looking at his background, coming from Goldman Sachs, the ones most responsible for the GFC in 2008 makes you wonder where we're heading.