by Jeff Nielson, Bullion Bulls:
Gold is currently facing its most-severe, downward price “pressure” (i.e. price-manipulation) since 2013. Not surprisingly; this has led to the anti-gold bankers (and their media sycophants) making assorted, dire “predictions” for the price of gold, including today’s headline:
Goldman Sachs Calls For $1,000 Gold
In recent years; such a headline would have elicited nothing but laughter from informed investors (and observers) of this market. The meteoric rise in the price of the gold had left the $1,000-level several years behind us in the rear-view mirror. More importantly; the reasons for that rise in price (i.e. the “fundamentals” of the gold market) have only gotten stronger in recent years, rather than weaker.
Beyond even that; in the past two years, as the price of gold has been manipulated back below the $1,500-level, the bankers have clearly been afraid to manipulate the price anywhere near $1,000. Indeed, since roughly the end of 2013, the “line in the sand” had been $1,200/oz.
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