Its going to be interesting how the Fed deals with the Basel 3...

Its going to be interesting how the Fed deals with the Basel 3 accord at the end of the month as gold in terms of collateral rises 50% while demand will certainly increase and the reasons for owning gold become more obvious every day.
Are they going to bomb this into the end of the month and then let it rise into the 1350 level and then attack and cap again.
And if price moves against them then just shut the game down as its their game and they make the rules.
Can they find enough supply to ward off physical buyers to continue their game.
They have upped the anti in their quest to do as they see fit.
Gold is the worlds premier currency and that will no doubt become glaringly obvious as the worlds minor currencies collapse against it and all other commodities.