Gold price will drop

Today, in the Financial Times, there is an article by Jack Farchy about the eurozone banks borrowing GOLD from the central banks! Yessir! Quoting from him, "The estimate by GFMS confirms a trend that bankers and gold traders have been privately discussing for the past six months. The increase in lending came as eurozone commercial banks, suffering a shortage of dollar liquidity, rushed to borrow gold from central banks and later swap it on the market in exchange for dollars." Huh? "Swap" it for dollars? Folks, this means that the gold was borrowed and SOLD! That is the definition of a "short" position and the bet is the price of gold will drop! Read the entire article by clicking here. It's actually pretty well written.

If you had any idea that the market for gold is not manipulated then you can bet against the banks causing a fall in prices and buy gold. My bet is that the price will fall because banks always look out for themselves. They are admitting that gold is money by this action.
This also emphasizes the catastrophic condition of the eurozone economy. If you are holding assets in euros, get out now! Before it's too late.