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Message:: [QUOTE="Juan Blanco, post: 1616402, member: 41665"]Well I agree -- and play Devil's advocate too. This game of smoke-and-mirrors looks to be approaching Zero Hour on the debt ceiling within 2 weeks then REAL VOLATILITY whacks most mkts. That's why I obsess about the downside now. In 1980, Volcker demanded GLOBAL banks deny the Hunts capital& loans; there's precedent for an orchestrated institutional intervention against PMs before. Suppose the e-z money of the Fed's reflationary effort is still in play, even as nothing's been fixed since 2007/8; will they kindly prop all mkts next time, in another Lehman Moment? I doubt it. Wall Street players will get their orders and OBEY: kill Gold! Eventually though, the Fed/Treas WILL fail (to prop the Dollar/supress Gold) but maybe not until they've literally exhausted everything. And buried alot of johnny-come-lately Gold Bugs, too. IMO a steep-drop raid target for POG in this most dire scenario would be POG ~ $ 925. - 950. with hedgies bailing/failing... and US stocks gyrating wildly too. I also suppose the LCS stop selling Gold anywhere near "New York Spot" @ ~$1,500. tho. The fraud unravels, bullion premiums will soar. That is just today's wild guess for whatever Worst Case Scenario might unfurl. (I still believe 'Later, Not Now' but we shall see.) Though we're admittedly down ~-12% from peak already, in a previous Gold Bull Market POG fell -44% (2/24/75-8/25/76) without a Govt Gold Sale.[/QUOTE]