Comment: There's no mystery about why

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There's no mystery about why

There's no mystery about why gold is hitting lows that haven't been seen for a few years. Interest rates have popped up a bit, and Bernanke has made noises about reducing QE. But of course it is much more fun to talk about a mysterious "they" who are beating the price down to shake out the weak hands.

I'm holding on to my gold because I see no evidence yet of fiscal responsibility in our government, so the money printing will eventually be forced to proceed, whatever Bernanke's intentions.

Gold may get cheap enough in the mid term trend that I actually buy some more.