this is from ed steer of casey research, and there is a lot more worth reading today, so follow the link is at the bottom:

"So what happened on Friday in gold and silver? With the vast majority of speculative long positions in gold and silver already unwound weeks ago, it's my opinion that the boyz pulled their bids. As I've said before, waterfall declines in price are always a sign of this. The powers that be did not want the precious metals rising in the face of a global rout in the world's financial system and equity markets. Lately, gold and silver have been showing real signs of life in Far East trading. This was underway yesterday morning...and was nipped in the bud at the London open. The boyz didn't want any safe harbour going into a Friday that was obviously fraught with danger. There was decent volume yesterday...but panic liquidation by hedge funds??? Not a chance! This was the work of the '2 or 3' US bullion banks that control the vast majority of the precious metals short positions on the Comex."

http://caseyresearch.com/displayDrp....