The Cynic

Eric Lemieux: Decline in Gold Price Goes Against Every Theory

EL: The decline in gold prices flies in the face of every theory. The U.S. dollar has been appreciating and the U.S. economy is going through a recession.
Gold should be increasing in value in the face of all this uncertainty. To see the price of gold going down right now is almost unexplainable in my opinion.
It begs the question, is this due to some type of manipulation, either directly or indirectly?

Elliot Wave theory also seems to have predicted the fall of gold prices of late.