Here are some updates that have value with gold and the direction it will take. It has been a very uncertain expedition for this asset during the last few months. Gold could be heading higher from here, according to one of Wall Street’s top technical analysts.
There are many unexplained trends, on why gold has had such a rough ride. Some experts in this field have indicated that there is more going on than we actually will ever understand. Governments have always wanted a fiat currency, for the simple reason they can print more money. With Gold it is impossible to reproduce, could this be a key factor?
Then take China's activity, for the last three years of accumulating gold at an alarming rate. They fully understand that gold is currently a bargain. No one really knows how much gold China has, but we will find out really soon.
Last April, fifteen days after the heads of the five largest US Banks requested a closed-door meeting with President Obama, gold experienced its largest one-day drop ever. COMEX trading records revealed that one bank, JPMorgan Securities, was behind the huge sell of gold Derivatives
William Engdahl: China, gold prices, and US default threat
However, at this point the evidence is clear. Someone is clearly manipulating Gold lower. This is happening almost every morning when someone dumps gold in massive sell orders, pushing the precious metal's price sharply lower.
Phoenix Capital Research: The Clear Gold Manipulation on Display for All To See
King World News Blog: Nazi Style Fed Propaganda Used to Smash Gold Markets
Seeking Alpha: Is the Gold Market Manipulated Part One
Joseph F. Botelho One Gram at a Time
"Pay Yourself First Because the #Economy that Matters Most... is the One in Your Own #Home" https://t.co/wo7XWWjaFZ pic.twitter.com/VSVAtkJ6El— Joseph Botelho (@jfbmarketing) January 19, 2016