The Recent Gold Price Action Is Saying The Fed And Other Western Central Banks Are in Desperation Samba Mode Over the years governments have been selling their gold to keep the gold price down. To keep the canary in the coal mine from making noises. Well, they are running out of gold to sell. They can't make gold like they can fiat tokens. The US Treasury probably has well less than half of what they say they do. There has not been a public audit of the gold in the US Treasury since the '50s. Why would they change the name of the account that the gold is in, for the second time, to "Deep Storage". Because they sold their gold and took as collateral stakes of some kind in mining companies so that they now own gold in the ground that has not been mined yet? Future history will tell. If you are not up to speed on this story/concept, check out Gata.org Bill H's opinion from Le Metropole Cafe A site for the nitty gritty, the low down. The scoop. "They can't do it again. To all; if as I suspect the next leg of the GFC (global financial crisis) is unfolding now, what can we expect to see in the form of government response? More of the same? Can the Fed blow up its balance sheet again? Yes, and I feel sure they will. Can Treasury guarantee and borrow another $13 trillion or even more if necessary? I think not. What about the value of the Dollar? Stocks? Gold? The "green shoots" lie as I call it is very long in the tooth and being disproven more and more on a daily basis. The only thing that has been accomplished since last fall has been a slowing of the economic and asset structure's decline and they bought some time. Yes we have had an inventory rebuild which will be the driving force behind positive quarterly GDP numbers that the brain dead will cheer and point to as "recovery". It is not. The next "resetting" of mortgage rates is again beginning and will be as bad or worse than what we saw last year. Commercial real estate loans from the "03-'06 timeframe are now coming due with property values decl...