No doubt it was GS and JPM combined who put the big short in June futures. The manipulation is purely paper. There is no change in physical demand.
http://www.gata.org/files/WorldGoldCouncilStatement-04-18-2013.pdf
Not just shorts but naked shorts! Naked shorting of silver and gold by the usual suspects -— FR acting via JPM, GS and other hooligans
There is disagreement about the reality not only here but elsewhere. From the second of your articles......
” If the dollar’s exchange value drops, then the price of imports that come in here (to the US) rise. So you get domestic inflation, and if you have domestic inflation you can’t have zero interest rates, or negative real interest rates. So the Fed would lose control and that’s the basis of this policy.
They are trying to destroy gold as a (safe) haven from the dollar in order to carry on the Fed’s policy of negative real interest rates. That is what is driving the illegal policy of selling naked shorts in order to manipulate a market. If you and I were to do something like this without the government’s instruction or protection, we would be arrested (laughter ensues). So the fact that it’s illegal, being done by the authorities, tells me that they are seriously worried about the dollar.”
The reality of US$ devaluation and inflation seems to be the real problem. People around the world seem to agree and are buying gold ahead of the calamity.