Gold last reported a.m. is $1159.20 down $11.20 and silver is $15.61 down 13 cents.
After two brutal weeks of slam downs by bullion bankers both metals remain available under production costs.
The U.S. mint has ceased selling silver for the reminder of 2014.
Both metals are selling at record levels which by itself means prices should be going up, not down. Remember the law of supply and demand?
China continues building alliances with many of our “friends” as they move forward in opening global Yuan trading hubs.
The Fed is helpless as it watches the world move toward supporting a possibly gold backed Yuan.
Be sure to expect wars and the blame game as the Fed and Washington maneuver to defend their power structure.