Re. jjeerryy...gold price Used to be that when the US dollar value index was down gold up..in the last 4 or 5 days this has reversed, dollar down gold down...dollar up gold up? Just very odd?
Of course the dollar value is manipulated always has been ...so this in turn would somewhat manipulate the price of gold, IMO there is no way the fed will alow the price of gold to rise unchecked...confidence in the paper fiat money must not falter to much....the USA debt is something like 16 trillion dollars and this is the worlds reserve currency, this is where other countries store their value.
So IMO obama and his little timmy geitner will do whatever necessary to maintain the dollars value and so will those countries whose reserves are in dollars.
So in my opinion gold price is manipulated just as the dollar is controlled and our fortunes or lack of same is in the hands of bankers and governments. Of course world currencies and markets could still crash.
Another thing that is a tad disturbing is that if the dollar crashes what in hell do we sell our shares for?
so go LSG!