Were our friends advertising for the purchase of gold misleading us? The price has caved about 20% recently.

I don't think so. I think that the US is surreptitiously pumping hard equities (for instance, reserve gold) into the financial system to boost trust in the Greenback. We just spent umpteen-billion-dollars guaranteeing fannie and freddie - and the overseas holders are spooked.

This fall of gold is proportionate to the amount of market manipulation going on behind the scenes in the Fed.

There are other reasons for the fall of gold - but the one thing that it often represents - smooth sailing - isn't coming.

Thoughts?

I posted this thread on the election board, but it fit's here as well:

http://forums.therandirhodesshow.com/index...?showtopic=9050

I think that gold's recent decline has more to do with the bullish rise of the dollar (which is a bit odd in this economic climate), yet it could be related to the extreme battering that financials have been taking. Notice that oil prices are still declining with a major hurricane poised to strike refinery/production areas. This, a day after Saudi's announced a production cut approximating their implemented increase last year. Odd reactions in equities, commodities and markets in general.

Lehman has lost about 80% of its value this week, and Washington Mutual is on a trajectory toward 0. Hopefully this market is finding a bottom, but I am not that convinced. Until all of the 'bad paper' works it's way through the system, we're in for a bumpy ride.

I think the rest of the world has been catching on since Nixon took us off the gold standard so that the US wouldn't have to pay back it's debt's in Gold Backed Dollars and paid back it's debts in Petro and Deflated dollars. Since 1987, the big stock market crash, I think countries like China, which decided not to buy US Treasury Bonds in Oct., have figured out how to manipulate us and our markets. BushCo has exacerbated this and McAncient will exacerbate it more.