Here is a small portion of what Farage had to say [to King World News] about the recent action in gold: “Clearly the authorities do not want gold to be fashionable in any way at all. They loathe the fact that the price of gold has risen the way that it has (over 12 years) because it’s an indicator of how little trust we have in fiat currencies, quantitative easing, money printing and all the rest of it.
So any opportunity to see the gold price lower is a good thing from their perspective. The (gold) market is going to find a base somewhere. I don’t know where it is. Once those moving averages break down, markets tend to have a bit of a life of their own.
But I was saying to a friend of mine, if we do get forced liquidation (of physical gold) from European central banks (such as Cyprus and Italy), it will represent one of the greatest historic buying opportunities of anything you will ever see in your lifetime because the fundamentals have not changed.”