This might explain the latest attack on POG...

This might explain the latest attack on POG

http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/

If there are severe shortages on physical, they need to talk investors into selling to create new supply.
Difficult to know whether this is a very short term break of support for gold (false break) or if they can keep it going longer.
Will depend on how well they can scare long term holders of gold but also it will depend on how strongly demand continues from central banks, Chinese and Indian investors, and Western investors seeing through the manipulation.
I don’t think anyone knows how this will play out over the next few days.
Will Cyprus actually sell any gold or again state that they have no intention of selling their gold and instead take some money from depositors in their largest bank as well now?
When the bank of England sold its gold to save a bank (that was heavily short gold) they drove gold down to around $260. From there it began its bull market and is now around $1500.
Manipulation is always temporary. The fundamentals for gold keep strengthening.
It’s all just a matter of timing.