RE:trying to figure out gold and the decline and here Since gold is the dollar's kryptonite, your post got me to thinking. I am a big believer in the central bank (mostly ours) manipulating the price of gold down to try and keep the value of US dollars high. Makes sense right??
I went to the barchart site and looked at 5 year charts for every metal, cattle, hogs, oil, orange juice, cotton...etc. Do you know what I found?
Gold has been capped around 1350 and generally speaking around 1100 on the low side. Range bound within about 20% for 5 years. Every other metal and commodity I looked at traded in a range of at least 40-50%, including silver. In other words- we may have free markets in other commodoties but it certainly appears that somone is working very diligently to keep the price of gold capped anytime it attempts to rise.
The US central bank has been working overtime sodomizing the middle class and anyone hedging against the inevitable dollar collapse brought about by the idea that we can eliminate debt by issuing more debt. As China, India, and Russia sop up every spare ounce of gold, somehow the price remains low. Apparently the supply of gold laying around is so large, that despite increasing demand, the price remains forever low.
So who you gonna believe? The government and our central bank or your own lying eyes?