BANKSTERS FREAKS NO MANIPULATION ! i go walking with the DOG ! CRAZY !

I agree with the Doc as usual. With the exception of the manipulation part. The Feds are watching these markets hour by hour. They only intervene when neccessary. They may not be intervening since gold is behaving and staying in the prescribed trading range or drifting lower. But, they are there. Watching. And, ready to intervene. I firmly believe this. I am in Docs camp and looking for 1290 gold sometime next week.

I personally think the post FOMC price action in gold was a completely over done knee jerk reaction and I expect the gold price to recoup all of its losses. As far as silver goes see my article “the fundamental bear case for silver” just don’t misunderstand me!

I think you have Ricks picture up instead of Doc’s!

By the way…agree Doc. Gold is going down again.

My thinking is that gold will not stay below 1300 for long. Sideways trading will continue for a good while though. We gotta get thru the debt ceiling drama before anything can have a chance to change. That means Feb 2014.

Most of the time the US dollar index and price of gold are negatively correlated; a good illustration being the 3 year period 2006, 2007, 2008 when
USD was -10.8% and gold was +70.4%

http://stockcharts.com/h-sc/ui?s=$USD&p=W&st=2006-01-01&en=2008-12-31&id=p50879800924

Ann – the article I am referring to was posted by me under “pundits perspective” on the same day, Friday nov 1
It was a counter argument to bird mans perspective.
The point was not to disparage bird man or silver, but rather to represent what could also be another point of view. I own plenty of silver,so I understand its merits. But too many people these days are presenting wild eyed fanciful price projections that we all need to be on guard of. Do your own homework is my motto and don’t fall prey to the predators that are out there! Best.