Ok, Scotia Mocatta is one of the oldest of the London Gold Banksters (from Wikipedia, my emphasis added via large font):
"Scotia-Mocatta is one of the ten market-making members of the London Bullion Market Association. Additionally it is one of 5 banks to participate in the London gold fixing. It has a history of 340 years, and is the only original member of the London Gold and Silver fixes to maintain its seats on both respectively.
The company dates to Moses Mocatta's founding of a London bullion bank in 1671. Mocatta first sent silver to India in 1676, and the firm served as a broker to the Bank of England and the East India Company in the 18th and 19th centuries. The firm was renamed Mocatta & Goldsmid with the addition of Asher Goldsmid in 1783."
Now, take a peek at their Managing Director of Asia (Sunil Kashyap):
Here's what I gather connecting these dots:
- The London insiders "get it" that Asia (specifically India and China) are where its at as far as the gold market is concerned.
- The London insiders, as the Banksters usually do, made it thru the political changeover (Independence) in India and continue to have a major influence (manipulation) of the gold markets in India. They probably have a lot of influence over the recent government moves (raising taxes, suppressing sales of gold via the banks...) to make it harder for the Indian public to buy gold.
Now, for the final bit. Here's the money-quote from Sunil "We are coming close to the end of the decline because anything below USD 1,250 per ounce, you will start hearing about people shutting down mines because they cannot make it enough profit."
If the banksters are talking about the price of gold bottoming its probably because they've already bought all they want and now want to manipulate the price back up.
These guys are good. The gold community that thinks they are close to "blowing up" better rethink what's going on. The Bankster Anglo-American empire seems to be nicely concentrating power within the empire core (note the recent NSA and related activities and the easily accomplished smack-downs of any Republican primary contender getting close to the Bankster choice, Mitt Romney). Geopolitically they seem to be doing just fine with the tear down or weakening of the following major "non-aligned" (non-Bankster controlled) countries: Iraq, Libya, Syria, Iran and, arguably Venezuela.