Gold is hitting hard on the door of $1270 after which the Gold shorts will have the "religious experience." Gold market manipulation is still ongoing, but participants becomes more desperate by the day. You can find a lot of comments these days on the number of recent "suicided bankers" and some parallels drawn to the ongoing investigations in FOREX and Gold markets manipulations. Quite a few FOREX head traders are already left the major banks or being suspended. These games can not last forever, particularly when China is buying the record amount of Gold and vaults in the West are empty now.
Paul Roberts provides us with very good observations of the mechanics of Gold market manipulations and we continue our investigation started this weekend with Eric Sprott and Dimitri Speck.
"We continue our investigation of the Gold Manipulation. Last Friday Gold spiked well above $1270 on the huge miss in Jobs Report, but markets have found the good meaning of bad news again and Gold was trading down to unchanged in the midday. Interestingly enough Gold has closed just below crucial $1270 by the end of the day even with general markets in the rally mood again. Eric Sprott addresses this ongoing manipulation in his interview and provides his outlook on the things to come in Gold and Silver markets."
Paul Craig Roberts: