Gold's True Value Challenged Gold’s True Value
If Gold was near or moving to it’s “True Value” these markets (DOW, S&P, Nasdaq, Bond Market) would be in turmoil, the USD would be crashing and panic would ensue in the streets.
Honkytonkgirl and Jim are most correct that Gold is manipulated and just today we have more evidence in the mainstream press.
Goldman, one of the right-hand henchmen for the Feds, along with others like JPM have announced to take short positions in Gold. Beware, this institution and others have been making and adding to these positions long before this announcement imo.
https://economictimes.indiatimes.com/markets/commodities/Goldman-Sachs-cuts-gold-price-forecasts-recommends-short-position/articleshow/19475906.cms
Why?
The currencies of the west are being devalued and in order to keep the debasement an orderly race to the bottom, Gold has to be held in check, in other words it’s controlled and manipulated to make it look weak. They succeed in the Paper Markets but fail in the Physical Market as Gold Wealth is transferred from West to East, as China, Russia and India, the big 3 continue to buy up the metal at bargain prices.
This manipulation and shorting of the Paper Gold Market here in the west can not go on forever as the supply/demand of the Physical market will eventually overwhelm and win out over these opposing forces.
For the near future though, the correction of POG over 18 months and more importantly the 24+months BEAR in the TSXV ($CDNX) continue, as Goldman targets quote, “2013 average gold price forecast to $1,545 an ounce from $1,610 and its 2014 price view to $1,350 an ounce from $1,490. It also advised that investors close a long COMEX gold position, recommended in late 2010, and replace it with a short COMEX position. “
The fight is not over, cheers, Mark