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SPDR Gold Shares Message Board

  • cabbage_farmer cabbage_farmer Jun 21, 2010 7:52 PM Flag

    Today Was Proof of Govt Manip of Gold $

    With news over the weekend of China agreeing to float the Yuan (all be it modestly) gold rightly pushed up to $1,262 in early trading. All the more compelling for price support was news from Australia of a deal with China on long term mining contracts. It became obvious as the New York market went on today that central banks were in the market to drive down gold.
    There was simply no logical reason for such a late hit.

125.32-1.36(-1.07%)Jun 28 4:00 PMEDT