Man, I sure hope so but don't count the manipulators out yet. Maybe with all the fines that JPM is paying, they will have to lay off the guys who clobber the metals market most days when the volume is so light.
Maybe they have realized that their strategy is not working but who knows for sure. I would like to see a big leg up to flush out all those leverages short positions in the paper market. All these miners need is simply a good rally in the gold price. The have started to look like they bottomed in the past only to come back again.
Sooner or later every dog has its day. I plan to be here when this one hunts.
It seems to have reversed, but who knows for how long. Right before the US government confiscated the gold in the 30's gold was at 25 an ounce and that's how many Federal Reserve notes you got for it. Then it shot up immediately to 35. So it Could go down before it skyrockets up.
Like Ron Paul said, no one knows how much gold is worth when you price it in Federal Reserve notes, because no one knows how much Fed. Res. notes are worth, but it IS legal tender.