Should GATA be correct then it seems to me that the large banks now have little hope of holding down the price of gold (POG). I think they have too many other problems on their plate. We may now hear statements (from CNBC etc.) about the POG such as; gold is still low in inflation adjusted $'s. Correct me please but I believe this guarantee by the Fed and the US treasury is backed by Gold on deposit at Fort Knox or other facilities.

Random thoughts from a sunny day in Port Alberni.