The Spin on Cyprus Gold Sale Rumor Is "Back Asswards"

http://blog.ml-implode.com/2013/04/the-spin-on-cyprus-gold-sale-rumor-is-back-asswards/

There’s been plenty of press about the gold (and silver) “crash” of April 12 and 15th, most of it yielding a not-so-subtle schadenfreude stench.  This is not so surprising, as anyone who has been openly positive about the precious metals’ prospects given today’s “new normal” of unprecedented “high-powered” money-printing is well-acclimated to being derided as a “gold bug” by a press which is institutionally hostile to the notion of resurgent gold, and in all likelihood, full of writers who fancy themselves financial mavens yet who are smarting for having “missed the boat” on gold themselves.
One of the key arguments of this press coverage as it seeks to provide a “compliant” explanation for the recent gold slam is that the “announced” sale of gold by ailing Cyprus was the trigger that caused the market to take its epic tumble.   This article is typical.