This. The fraudsters and banksters will always suppress the gold price. If the price is driven into the ground from shorts, 'twill be a good opportunity to buy, no?
Of course it is great if banksters put the price down (while they still have the power) but when is the bottom ?
I would like to hear some gold expert about it.
I know that you can see the price manipulation when banks dump gold massively instead of selling it little by little. They obviously don't want to make profit but drive the price down. We need to know when is the next dump.
I'm not an official "expert" (whatever that word means), but I spent a huge amount of time getting informed about gold. IMO, the rubber band is FAR streched to the downside, in fact, unbelievably far. Gold is at the price of production, and some claim it has never been so cheap in history compared to the amount of fiat existing.
If you watch the day-to-day manipulation, its clear those guys have a harder and harder time to keep the price that low. They just can't do it anymore (doesn't mean another spike down isn't possible).
No way gold is going to $800, and unlikely it's going to $1000 either. We are very far down now.