wELCOME to the real world of manipulation and distThere is no doubt in my mind that Gold and the commodities are being deliberately being pushed down by the US$ and others....But as usual, they can only do this in very short spurts as the World has awoken up to Gold as the safest hedge vs paper currencies around...
The president of Goldcorp and of Gold council was just on BNN etc, saying he is still convinced that Gold will be $2000 by end of THIS YEAR 2011...He says that the demand for physical Gold from new wealthy countries like India and China are going to make the difference...Of course the US$ is totally against this move, but it is becoming clear that the new rich world does not care for the US$, instead estimates suggest that the new rich world will increase its yearly purchases of Gold by 50%, in 5 years...SO obviously Gold will keep going upfor all that time...Some serrious talk about Gold ETF, in which he saw the amount of ETFs declining, with that amount of $ going into Jr. Explorerswith proven reserves...He had nothing but good=great news for Gold investors...
The US$ kept poundiing at Gold for some time now, but nothing will bring back the superficial confidence the world had for US$...
At this time Gold is almost even for the day,and all the gains the US$ have been erased for today...PDG is only down 1c, and most of the Jr. Golds are even and not trading...Although much negative talk about PDG, some slect JRs were down substancially, but like PDG, have roared right back to little so far today...No doubt thixs will be seen as one of last gasps for the US$, and as soon as the real numbers for the US Economy and inflation are produced, the world will reverse the US$ course, and we,ll be well on our way to new highs in Gold and commodities...
Those investorst that will make serious moneys in Gold, are the ones that hold on extremely tight through these deliberate attacks on our metals, and live to tell about it and thus prosper...Remember this is a MAJOR gold Bull we are living theu...don't get caught short, like those drunken indians...BTW.their shorts don<t show because they use 3rd countries, even the US to short PDG, and then cover it up with creative accounting, which may be legal there...Good luck to all PDG holders our and Gold,s day is coming..
mellow99.