The "Commercial" Banks almost always crush the price of gold (and silver) just prior to the Options Expiry Date which is tuesday. They fleece the large funds by not having to pay up by keeping the price below the strike point of as many contracts as possible. This happens nine times out of ten. There are about 40,000 potential "Calls" for delivery that they can render worthless if they can bring gold down to the $1150 range. There are 18,103 at $1200 and that number is the big target. Technically, there is not much strong support above $1190 so it will not surprise me if gold bottoms at that level. But it will bounce right back in a day or two.
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