Frankly, I do not understand the current decline in the price of gold. Despite the Greece crisis and the China stock market crash, gold traded weaker, while one would have expected at capital flight into this safe haven asset at least to some degree. I don't know if the gold price is subject to manipulation, but it's clear, that it's not real physical gold which is traded at the Comex.
The writing was on the wall. Gold fell not despite the Greek crisis and the China stock market crash as of recent, but just because of that (actually, more because of the latter). Physical or paper is irrelevant here...
In fact, I told that
before