sp is holding up well., page-20

Why the gold slide signals an Australian alert
Robert Gottliebsen 12 hours ago


Australians are extremely vulnerable to the dangerous forces beginning to develop around world. It’s not so much the reasons behind the dramatic fall in the gold price that scare me, but rather the side effects that are rare if not unique in our history.

The gold fall was caused by a reckless European central banker, Mario Draghi, who used words that appeared to instruct Cyprus to dump its gold, which naturally triggered wave of selling by the multitude of computer driven gold fund vehicles. And that computer driven selling was augmented by shorting and it spread to other precious metals.

If that was all that was happening then I would say “what’s new” the crisis will pass and global money printing will in time eventually return gold to favour, although it might take a few months.