Is price a determinant when someone is coined to be wrong aside from the big picture? Gold and the pm shares are being temporarily slaughtered for a reason. Consider the source.
A lower gold price to effect a lower oil price equals help for big John. A lower gold price helps steer people away from gold and keeps their money on deposit in the cash strapped banks.
Goldman and J.P. Morgan are making money hand over fist in this gold raid. The great gold bear raider, Paulson, must being taking reverence of his good old days in the 90's. Will Gordon Brown be putting pressure on the last of England's gold to be put up for sale allowing the connected shorts to cover in here like he accommodated Paulson's past employer? Do you really think the Carlyle Group is panicking? Think again.
Who disbelieves for a moment that Peter Monk knows where the group's target for gold is? We'll know when we are close when Barrick starts sucking up all the grossly naked short devalued pm companies.
Keep you eye on the ball.