Gold last reported a.m. is $1224.60 down $9.70 and silver is $17.12 down 29 cents.
After 3 days of gains prompted by stock market sell-offs and safe-haven demand the bullion bankers performed their usual gold smack down.
Since April 2011 gold and silver prices have been openly manipulated by COMEX and the London Bullion Market by selling gold and silver that does not exist in the futures markets.
Regardless of their business practices they can only forestall inevitable consequences of monetizing debt.
The U.S. is clearly on its way down economically as we see Russia and China position themselves to become the new powerhouses in global trading.
Gold Goliath is not your typical gold dealer.