GLD Vulnerable

Gold bug’s op/ed regarding price manipulation: Gold taken down by bullion bank crowd

“It is quite evident that the perma-bears at the Comex are determined to cap gold at $1,260. No one hits bids with the intensity that I saw this morning unless they are trying to take price lower. The reason is obvious – a closing push through $1262 and gold goes immediately to $1,280 – $1,285 garnering all the more headlines and casting more doubt upon the integrity of world’s current monetary system, which is under extreme duress. What the bullion banks are attempting to do is to form a double top on the daily price chart. . . This is what an orchestrated takedown looks like, pure and simple.”

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