Mainstream media is reporting the same story line that, “the dollar strengthened” lending to a pullback in gold prices. How the U.S. dollar can be “strengthened” while the Federal Reserve prints U.S. currency into oblivion is a mystery to most people. Of course when you compare it to a basket other failing fiat currencies, anything can happen.
Speculators understand that gold prices continue to be manipulated and they are selling and buying at the drop of a hat. This morning they dropped the hat on the sell side. Despite the drop in price gold is still the best performing asset so far this year and holding above $1300.00 is a great sign.
Gold Goliath is not your typical gold dealer.