Gold $1758.70 OFF $8.50

Silver $33.64 IFF $0.36

No question about it, the Fed is pressuring gold lower today. These down spikes are the obvious hallmark signs of their attempts to to keep gold's glitter tarnished. In the end, the American people will pay the price for their activities. These guys, as most know, are the great currency debasers. Just listen to what Bill Gross has to say about our current financial condition and how by owning gold and real assets will, hopefully, protect yourselves.

http://www.kitco.com/ind/Vermeulen/20121010.html

The current down-field count for gold looks like it will be a minus 3 with today's close. It would not be surprising, if real proof were to be submitted, that the banksters were actually buying the metal during this manufacturered weakness. And of course, the connected funds and investment banks knew this sell-off was coming well in advance, as well. That's why it is so important to ignore all this childish behavior for the moment, regardless of what you think you are out on days like these. It appears there will be buying opportunities during a limited unknown period of time ahead.