A Gradual Recovery or a Spike Back Up? BY JAY TAYLOR

Normally, one would expect a period of healthy consolidation before gold regains its lost luster since $1,900. But these are anything but normal times. There is little doubt in my mind, in part based on what Alasdair MacLeod from Goldmoney has written and based on many years of documentation by GATA, that the gold markets are manipulated by a handful of powerful bullion banks that not only have endless amounts of paper money on their side to sell these markets short,  but they also get taxpayers to bail them out when they screw up and lose money. And as recently observed, these criminals are “too big to jail.” Powerful interests on the part of these Wall Street thieves want to continue to con the majority of the world’s population into buying their con story that a dollar backed by nothing is better than a dollar backed by gold. It is a game that will ultimately end in tears, even for the perpetrators of this crime against the American people. But I remain agnostic with respect to whether or not we will see a sudden snap back as the world begins to understand the fraud of our policymakers and banksters. The establishment will continue to hang on to their scheme of legalized theft as long as they can, which means they will try to talk down or manipulate the price of gold and take it out of the hearts and minds of as many people as possible, for as long as possible. But ultimately, as the Soviet Union proved, markets will prevail. For now, I leave it to the brilliance of others, such as a quant like Charles Nenner who says we are very close to a bottom in gold and James Sinclair who thinks gold is heading to several thousands of dollars per ounce.