Fundamentals aren't that great if the market has other ideas. Everything is about confidence and international flow of funds. People should not be guessing about what the market has in mind, just follow the overall trend. Markets don't lie except for the short term manipulations by the banks. Armstrong says, long term trends CAN NOT be manipulated.

Did you EVER wonder that, maybe, the banks aren't telling the truth about physical supply? My thought on these reports is that the bank could actually be shorting gold into these statements. Personally, I would never ever trust what gets released from banks as they are into short term manipulative trading as Martin Armstrong has stressed for so long.

The gold news letter writers have attempted to to tell folks money is fiat and is worthless and gold is the only thing of real value. Yea, right. The ONLY thing that matters is CONFIDENCE. Confidence in sea shells or just farm produce, it doesn't make a difference. Increasing debt can not go on forever and this will focus mistrust on government when it totally gets out of hand BUT we are not there yet. In the mean time, prices continue to change daily based on the public's confidence at the moment. Right now, the confidence is in the U.S. Dollar and the U.S. stock market, this is what keeps the pressure on gold, that's it, until it changes. Guessing as opposed to staying with the trend in motion could possibly be called market madness in some smart money circles.