^ If that wouldn't be a Photoshopped image, if you really had that much gold, you'd have enough stacked for your older years. That could easily be well in excess of 1,000 oz.
Plunge protection team must be paying staff overtime and have lots of temps working -- must be hella busy at JP Morgan and Goldman Sachs (Excuse the pun) Well called .. dollar strength.. but really.. is this what this teaches us.. run to the dollar (a different piece of paper backed by military hegemony and pimping out its debt globally) Banks are safe, they are your friend, put all your money into them, get a huge (debt) loan from them to finance an expensive house
Yes Well this time anyhow. Not every bad event is going to make people run to gold and silver. As i mentioned back in this thread (i think) USD is king this time around. Last time people run to gold enmass the USD was having issues, this time it is STRONG as ever and getting stronger. It will take a massive financial hit in the USA or Germany for gold to look attractive to the masses again
There's no manipulation in recent moves. This is typical market behavior... some initial nervous pushing up safe-haven assets followed by a trend of the investor herd betting on Greece not exiting the Euro.
BOOM goes the POP? Of course TPTB are going to smash the price at every opportunity, it is now a very open joke. When they have to suppress it this hard then you know things are getting serious.
Or the market is betting on further kicking of the can down the road in Greece, and combined with growing sentiment that the Fed will hike rates this year, it is putting downward pressure on the gold price. With all-in sustainable cost for gold producers being around $950/oz then there's downside room. Sure, I'd like to be able to produce something for $950 and sell it for $2000, but markets are markets and there's no monopoly on gold production.
You do jest SP. There is a monopoly. Fiat system is control and so are the markets and this has been admitted many many many times. Beating a dead horse. Prove $950 production cost in with the largest miners, they are only producing grams/tonne. Evidence?