“This article cites over-production of gold as a key factor in currency appreciation against the yellow metal. And yet the ongoing reported lines of gold buyers in China and India provide us with an alternative reality, one that seems to contradict the oversupply argument. We are told as well that the expansion of the Fed ‘taper’ has put downward pressure on gold but the taper is a relative latecomer. Gold collapsed a while ago. We are informed that the sell-off was merely a market phenomenon. Maybe, and yet we are not convinced … We note that gold price manipulation is now formally under investigation in London and that the price of gold is ‘set’ by traders and banks rather than by the market.”
http://www.thedailybell.com/news-analysis/34873/Price-of-Gold-Part-of-a-Larger-Party-Pattern/
Tip Freedomwat.ch Staff with Bitcoin