with muppets on bloomberg saying
'gold is weakest sinece teh 1980's and their unsubstantiated story about cypriot gold being sold, getting repeated, this is definitely a manufactured crush of gold prices.
shocking, but not to be unexpected.
the gold boom is still very much in play, the turbulence is a result of the last 18 months of consolidation, it is not on the back of an improving in the factors that drove it higher
people were not buying into it becsauae everyone else was, they were buying into it becasue the worlds economy is going to the shitter...
we can not call an end to the gold market now. not until the worlds economic problems are fixed, and to do that more moeny will be orinted, by south korea is my guess, the jpanese will crush their bond market and the US DOW/s&P will get taken down.
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