Here is why Kitco can get such a biased viewAll interviewees are north american who always short gold but they are losing on friday. They say this stuff (short squeeze, wont last) so that clients dont say 'you missed out'' or 'hey did you have gold on friday''?They would be embarassed to say they short the stuff all the time and that is why they love talking about 'ranges' they love to manipulate.Short and long see-saw all the tiime.
BUT
Here are the facts, the world gold council just reported that in the last quarter central governments especially in asia have bought the most gold on record. 400 tons.that is where the big money is coming from, russia china Turkey Kazakstan .
Of course our banks and analysts are treating gold as a profitable toy,.Watch out since.Asia is preparing for the lower US dollar they know it and they will help it along.They are buying gold big time and they now control more and more the market.
Thank God We will have less 8:30 am manipulation decisions to toy with the price of gold for the opening.