I'm really getting the impression gold and silver are getting especially hammered, capped, whatever you wish to call it, during this Dec/Jan time frame.
Everybody and their uncle, that follow the PM market, are aware that Dec/Jan is very favorable for gold and silver. They also are all aware of Jim Sinclair's $1650 target for this month.
Seeing as how TPTB have absolutely no scruples, they have both of these known facts to discredit at all costs. Even if it means destroying themselves in the process.
Jim Sinclair is known as Mr. Gold because he knows this market more than anyone else. To predict that gold will be $1650 in Jan. 2011 was considered a fantasy when he made this prediction years ago. Now gold is $1400. Will it be $1650 in two weeks? Don't know. What is important is that TPTB will try, at all costs, to prove Jim Sinclair wrong, to discredit the man in the eyes of new gold investors. The fact that gold is only $250 away, presently, won't be viewed as being "close enough" to be considered a correct call. The bought and paid for media will see to that.
As for the Dec/Jan "good for gold" time frame, this is just an "in your face" show of force to tell investors to stay away. However, the added target of Jim Sinclair is the ultimate frosting on the cartel's cake. They simply can't resist destroying the markets to prove Mr. Gold wrong.
However, there are two weeks left for TPTB to make absolute fools of themselves in this vendetta against gold and Mr. Gold. This very visible show of greed, hate, and total disregard of the markets could very well be the catalyst that causes the $1650 target to be reached, as the world scrambles to buy gold and silver in the face of this very visible calamity.
Terry