The September 2008 gold spike…

Not sure how many people read my tumblr log… its basically a dumping ground of random stuff. But last Sept 17, 2008 I noticed a huge spike in the price of gold that came out of nowhere, and posted it. It seemed like someone was manipulating the market.  Well, thanks to one of the 2 people who actually watch C-SPAN, we now know that around that time money market accounts in the US were being depleted. The gold-spike we had was akin to water at the beach retreating before the tidal wave comes in. I still feel that to achieve such a spike in the gold market required automatic trades initiated from computers, but I have no proof.

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