Gold: Capping operation in place.

The story I hear is that the powers that be (BIS, BOE and the FED and the Bouillon Banks) have given up on trying to bankrupt the precious metal miners, because it created a firestorm of demand. So, they now went back to the older strategy of capping the price of gold between 1,380 and 1,420.

How long will this hold?

Hard to tell, but the strategy has a weak Achilles heel: silver. While, the banks have stockpiled gold in their vaults, they have not stockpiled silver. So, expect the gold/silver ratio to narrow down from 62.