We mentioned in our Overnight log that gold traded down off its recent high last Thursday. For a long time now we've been saying the goal of central bank bureaucrats and regulators is to destroy the natural inherent correcting process truly free markets posses where true buyers and true sellers can meet it they so deem.
Another name for this is risk aversion, a term the control-freaks adore. Understand, too, that if you speak up they will come after you with a bevy of well-selected epithets. And if things continue to go awry, with a lot more than that. There's serious danger here as the plot thickens and the temple foundations start to shake.
The hour glass on central banking is upside down as a case in Canada points out. People are wising up. As this article points out, they are not democratic institutions. And the last thing they care about is your interest.
Mandated risk aversion, by any other name, is called control.
zerohedge.com/news/2016-02-15/gold-price-pulls-back-fed-signals-slower-rate-hike-cycle
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