For several years we have said on both the Montrealanalyst.com and Canadianmineanalysis.com sites that there had been a meeting of major bankers (banksters) about five years ago in a major U.S east coast city. At that meeting they decided that it was necessary (vital) to keep the price of the gold bullion under the $1300 or so per ounce range. Manipulation was put into the "plan" and they are master manipulators.
In recent years, whenever gold sold near that level we have seen enormous "paper" sales on a major commodities exchange and often during hours of inactivity SO Note well that the gold sales were not true gold bullion-but paper contracts and at times were completed in minutes. They would sell paper contracts in what would be equal to two months of world production. It has been in our view a ruse and deception to create an image of weakness.
TODAY!!! And now with gold hitting $1350 plus this morning, we expect their manipulative tactics to occur again. Yes, they are cheaters big time, cheating investors and cheating the mining industry.
Why do they engage in manipulation? Because if gold and commodities are moving up they cannot have at the same time a bull market in the industrial stock markets. Moreover they cannot continue to claim that there is no or "low" inflation. We mnever believed that anyway.