"Forces are much greater than any manipulator around when the trend becomes established ..."
Agreed. But we haven't seen THOSE forces yet.
There are two prices for gold now. Shanghai real gold, (i.e. Bullion sales) and Comex (paper b.s. Futures contracts)
Shanghai reopens this morning at $1259.30.
Now it may be that Western interests have pushed the GP up overnight because they need some physical. If they don't do this, arbitrage will make sure the gold they want will go to China.
Too soon to get excited about a GP blowout. That will only happen when China is ready.
23.
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