Either Idotic or Manipulated Gold Price Movement We're Seeing
Cyprus should not even matter to this gold market, unless it causes a rupture of the financial system through a spill over. The only thing that should matter to this market is whether the Fed continue to print money or not, and by all indicators Bernanke will not be stopping the printing press any time soon. As long as Bernanke keeps the printing presses running, he's debasing the currency which should benefit gold as a hard currency. It seems like there are powers out there deliberately trying to keep gold down, but that can't hide the truth about what is going on.