FLASH: China knows about gold price suppression, and U.S. knows China knows
I honestly don't know why anyone (including China) would consider this news. If you go back to the original Bretton Woods arrangement, the clear understanding was that the price of gold would be managed. Why anyone would expect this to stop just because Bretton Woods was abandoned is beyond me. Seriously, if this gold suppression scheme is a conspiracy, then it's the most widely advertised conspiracy in human history. Pretty ineffective too, I'd say, or should gold be much higher than it is now? If so, then by how much, and on what basis?
Don't misunderstand. Gold bugs are my bread and butter (for now). Without them, I wouldn't make any money trading mining stocks...LOL Still, it would be nice to see some consensus on where they think the price should be. That way I'll know where to set my stops...
ebear