Bet the price of AU goes up $200 tomorrow.
The tall dogs hold and trade paper gold future contracts.....which have been twisted now to the same basic ponzi scheme as derivatives were/are.....yes they are all scum.
To me and others in the gold blogs...looks like the big money boys are fleecing the little guys by betting short and churning the paper contracts...this drives the price down and requires many investors to pony up more cash for their margin accounts.....often they have to sell to raise cash to do so...or, if they panic....sell it all...further driving down the price.
Could also be a conscious action by central banks to drive gold down to keep sale of the Cypriot gold reserves (any other indebted nations) from reducing their indebtedness as much as they could have now that they are forced to liquidate their gold reserves....double scum.
Probably both as both gain by it.
Physical gold will always have value...unlike Wall Street paper. It’s actually value in real world goods is constantly being distorted by the contract gold speculators....which as you might guess are banks and big funds.
You have heard it said before....gold is not an investment as much as a store of value....it appears to be true.