here are a couple of excerpts from alex wallenwein's essay, "why gold is dropping when it shouldn't:"
Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, "because Comex-gold isn't gold" - and because it deceptively pretends to be 'the' price-setter for real gold.
Gold is gold, paper is paper, and "Comex gold" is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked.
Silvio Berlusconi, the Italian prime minister and former EU president, let the cat out of the bag last Thursday when he blurted out (God bless his soul for being such a loose cannon!) that the G7 want to shut down the markets this coming week while they figure out how to deal with the crisis. That cat was very quickly stuffed back down his throat as he was forced, only an hour later, to retract his statement by saying he just repeated what he had "heard on the radio."
Right.
http://www.silverbearcafe.com/privat...