GOLDBUGS AMEX Goldbugs Index (GOLD)

[peel+green]

Today looks like another Goldman Sachs 'Slam Dunk Sell' day for gold.....lol

As China imports over 1000 tonnes of gold per year, the Fed shows that, by returning only 5 tonnes of Germany's gold in 2013, it has not only stolen the rest of the Bundesbank's (ie the German people's )gold, it is not going to risk going into the market to buy the latest installment due in Frankfurt.

It probably realises that alongside China, Russia and India buying gold, if it too bought gold to satisfy Frankfurt's demands it would send the POG up such that the 'USD Protection Plan' would be sunk below the water line.

So, as Bernanke closes his last Fed meeting, it must be clear to all that he has presided over and endorsed the theft of Germany's gold and that makes him a crook.