On the manipulation of PM markets.

London Trader describes the process in today's (Dec 21) post of King World News. Here is how it works: The bouillon banks of England coordinate their activity with the Central Banks of Europe. In the middle of the night, when trading activity is low, the bouillon banks flood the market with paper orders to sell in order to lower the price of gold. They do this three successive nights, each night taking out one support level. The central banks loan the bouillon banks gold to cover actual sales. Short term traders and even some funds are forced to sell. However, Asians are wise to this practice and have scarfed up 100 tons of gold in this latest "sell off." Silver prices are kept in line by selling silver borrowed from SLV. London Trader estimates that SLV is short 20M ounces that it lent to the midnight thieves.
Meanwhile, silver stocks are very low again, with the waiting period being 3 months on large order delivery. Meanwhile, you can buy shares in silver miners for a song and dance. When this game of manipulation breaks down, expect prices to rise very rapidly.
What about Larry's prediction of gold going to $1.200 an ounce on the demise of the Euro? IMO, forget it. Will the ECB allow Europe to slide into a depression, the Euro discarded and the EU busted up? I don't think so. The ECB and the FED will digitize trillions to prop up the banks. That inflation will follow? So? It will make the remaining gold worth more and the central banks will be brought back into the black.