from Zero Hedge:
As we have exhaustively noted, given the various macro factors bringing influence to bear on the yellow metal, the bizarre price action of the last six months has run counter to most logical assumptions and has been a source of great frustration to many – including Grant Williams. Cyprus should have been a hugely positive tailwind for gold. But it wasn’t. The ongoing money printing should have provided support for gold. But it hasn’t. The talk of tapering should have had a minor but noticeable effect on gold, given its healthy recent correction. But it didn’t. Sustained data suggesting a voracious appetite for the physical metal not only in Asia but in Western countries, too, should have led to a bounce on the COMEX. But it hasn’t. The whole thing is as baffling as Kim Kardashian’s fame. When the need to own gold jumps again – and it will; this is a long way from over – all the pieces of this jigsaw puzzle of the weird and wonderful forest of gold manipulation that we have dropped onto the table will slot neatly into place. What if, when that happens, there just isn’t enough gold to go around?
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