Gold price: not the same old?

As the international economic situation worsens and financials unravel, it is getting harder to predict the Markets. And without predictability, it is getting harder to make rational decisions. The hardest place is the Gold and Silver Markets. Consider Weiss Research. It has Larry, who predicts that gold will fall to 1,400 before it rallies to 6,000 and Sean, who predicts that gold is going to start a strong rally, now. To complicate matters, WR picked up a guy who is predicting gold will fall to $750. How is that for inconsistency?

So, we are not surprised by the latest happenings, are we? Gold price was attacked on Wednesday by the same old big SELL orders and it dropped $35. Monday, the attack continued, dropping gold below 1,700 again. Larry's prediction coming true? Nope. The Dollar Index fall substantially below 80 and gold recovered last night and is once again above 1,700.

One possible new factor is the sale of PM coins by the Mint.