Wholesale London gold tumbled more than $20 per ounce in quiet trade Thursday morning, falling with world stock markets after the week's "three-day rally [in gold] prompted some profit-taking" according to one dealing desk.
The Division of Enforcement is not recommending charges to the CFTC in the silver investigation. Despite the five year investigation, no report of the investigation or its findings is being released to the public.
American government unfunded liabilities are about $86 trillion. Add in other liabilities and the hole could be more than $115 trillion over 75 years. It can be fixed, but the gold price reflects a more pessimistic conclusion.