For those who may not remember, Trader Dan was one of Uncle Jimmy's "assistant" poster to JSmineset, and a very close friend of his.

Now this is what he;''s saying on his site:

"Amazing isn’t it? Gold continues to track the movements in the Ten Year Treasury note futures remarkably closely. When it goes up ( interest rates move lower) gold moves up with it. When it goes down (interest rates rise) gold goes down with it.

Notice, there is no “gold price manipulation” crap. No wild conspiracy theories; no “evil bullion bank cartel actively slamming the gold price lower”. No, it is a simple matter of what the market thinks about where interest rates are going and when.

This is why all the wild claims about gold going to the moon, doubling in value, soaring to $2000, blah, blah and more blah are the fruit of empty-headed drivellers who cannot keep their tongues from parading through the earth and defiling us all with their baseless and meritless predictions"

Could it be that we were all fooled all these years?

Later