This is a good point at which to ask ourselves the question – “What is the scenario that would cause maximum damage to the average PM sector investor, and at the same time funnel his resources most efficiently into the pockets of Big Money?” This is an easy one to answer – it would be a gold breakout to new highs that would trigger a wave of buy stops and lead to many chart followers and a broad swath of investors piling in. Having “lobster potted” the majority Big Money could then engineer a savage reversal and plunge and you had better believe that they have got the clout to do it – this is the game they played with copper last year.

- Clive Maund