this is from ed steer's daily report:

I see that the bullion banks have been busy again... as this current precious metals liquidation cycle continues. This time they took gold to new lows late last night... which was early in the Far East's trading day this Friday morning. I also note that both platinum and palladium have seen new lows as well. Silver hasn't been taken down to new lows yet... but the day is still young. The bullion banks, led by JPMorgan, will just keep bashing away until they figure they've forced every long possible to sell their positions. As I said, this could last all of next week as well, with options expiry and the new delivery month just around the corner.

http://www.caseyresearch.com/displayGsd.php