The central bankers know exactly what's coming, another bigger crisis. So when it arrives, they want gold as low as possible so it doesn't start trading past $2000 an ounce and attracting much attention. They're figuring when the next crisis hits if they can hold it below the 2011 top then they might be able to say, see, if gold were such a great protection asset then why can't it make a new high?

They hold, supposedly, more gold than any other sector. When Bernanke says he doesn't know where gold is heading you only have to watch his nose grow. Central banker thinking is quite simple, survival at any cost. The real competition to any mismanaged fiat system is precious metals. They just manipulate them lower so their fiats don't look so bad in a world drowning in too much debt and financial failures.

So they will sell the people's gold to make their cow muffins by comparision look like breakfast meals. It's a no brainer they don't want gold past the $1300 level. If gold does pass $1300 with conviction it will be surprising and may indicate, possibly, that the bottom is in although I doubt it considering the mess the central bankers find themselves in today. It is sensed that the central bankers have the same mind set of stupid people and are dangerous to everyone's financial well being. One of their cousins, Gordon Brown of England, years ago thought it was perfectly all right to sell his countrymen's gold at $250 or so. What a financial baffoon.