Gold is managing to hang on to $1500 at closes for the past few days despite some gyrations during the trading sessions. There are powerful forces that don't want to see gold at this level so for gold to maintain $1500 and above gives you and idea of the strength of the bull market.
Here is an article by the highly respected Richard Russell that talks more about the opposing forces in the pricing of gold. You can read it at Russell endorses gold manipulation thesis. Here is another series of quotes from Richard Russell regarding the strength of the gold bull market. It comes from King World News and is titled "Richard Russell - The Great Gold Tsunami Lies Ahead". You can read it here.
One last article I want to share with you is by Jim Willie. Like Mr. Russell, Mr. Willie doesn't mince words about the price of gold and the strength of the gold bull. His article is titled "50 Factors Launching Gold" and can be found here.
At the time of this post, spot gold is at $1508.20, up $78.00 for the last 30 days and $355.20 (or 30.81% for the last year.
Thanks for reading.
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