“Gold Update” – Gold Goliath

Posted on :Jul 03, 2014

Gold last reported this morning is down $12.60 at $1317.70 and silver is holding at $20.99 down 20 cents.

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.

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