Other threads have mentioned the large decline in gold yesterday, and the sudden support of the US dollar relative to the euro. Several people suggested that there are some major behind-the-scenes financial transactions taking place on the order of scale seen during the 1997 LTCM scandal. I'd like to pursue this notion that someone, or perhaps some government, is manipulating the markets, and try to figure out what's going on and why. For starters, gold has been moving inversely to the US stock markets for a while now, as individual investors seek what they consider a safe haven, driving up the price of gold and gold stocks as the markets craters. It seems very curious to me that gold would suddenly drop even as the fear on Wall Street is reaching a crescendo. Who would have the power to drive gold down that far that fast, and more importantly, why? Could this move just be the by-product of some government supporting the dollar relative to the euro, as we saw in the same time-frame? Again, who is supporting the dollar (or, not supporting the euro) and why? Anybody have any good ideas?