Wednesday, April 23, 2014

Gold Should of Been $2400 By Year End

We’ve had many articles in Bloomberg, Reuters, the Financial Times, and others, about manipulation. I think more and more writers are taking it seriously because most everything that’s been suggested was manipulated, proves to be manipulated, and I don’t think gold will be an exception.

What this has caused to happen is the price of gold, from a manipulation point of view, has been released. You don’t see the selloffs that we’ve had before because the manipulators know they are being watched. I’m sure all of the internal audit departments of those banks are all over trying to figure out what their boys were doing to try to limit the size of the lawsuits.

So I think gold has very much had the ceiling taken off of it (in terms of price). Had there been no manipulation we should be at $2,100 gold today and we should be at $2,400 gold by the end of the year.

- Eric Sprott via King World News, Read the Full Article Here: