You may have noticed the price of gold dive from $1281 to $1267 this morning. New York opened and steadied it a little, and now it’s at a level in the $1270-80 range. Looked at in the context of the 2 years graph, this has been a decent rally, but nothing more. The price destruction continues, and the knack remains knowing when the central banks decide enough is enough. As Jim Rickards notes, “The manipulation is so obvious now, they must find it embarrassing”. But you still won’t find many mainstream journos who believe in it.

The reasons(s) why the CBs are doing this vary by theorist, and I’ve never claimed to know precisely who is right. However, what I think many conspiracists still overrate is the degree of real control the MoUs have any more. Only when I’ve seen a consistent foray into three-figure Dollar gold prices will I make a move. If I miss the bus, I miss the bus: sometimes the bus you miss goes over the cliff.

Even then, the same proviso remains: this time around, buy the physical metal. The rewards of doing so – once the Central Banking system decides to destroy all derivatives exposure in the accounts, and hyperinflation takes off – will be truly astonishing: I’m talking 30-50 times current value. But the window of opportunity will be as the eye of a needle. This is the reason why genuine Great Gatsbys are not in profusion.

Meanwhile, a Far Left government has come to power in Athens, and guess what – the sky didn’t fall in Chicken Licken. Greek 10-year debt bond yields fell 26 basis points to 11.14%, and Athens stocks rose 4%. None of it means diddly squat – bourses are increasingly revealing themselves to represent the Stupidity of Mobs – but the Varoufakis charm offensive continues on its triumphant tour.

In truth, Yanis isn’t charming anyone: in ten days flat, he has become a player by telling it like it is while employing 100% bollocks evasion. The key to his success as that he has excellent manners, and his body language conveys that these (along with his grasp on reality) are genuine.

Pitching up in stylish casual garb at Number Eleven Downing Street today, I laughed watching him not so much shake Osborne’s hand as wrestle it into submission. You could see George wondering if he’d ever escape the Greek #7 Grip of obligatory welcome: in the end, they almost entered the building hand in hand.

But it didn’t take long afterwards for the Unborn One to warn that the standoff between Greece and the eurozone poses “the greatest risk to the global economy”. That is utter sh*te and all thinking persons know it, but you have to hand it to Nobsore, no opportunity to deflect blame is missed.

Meanwhile, sitting atop his eyrie above Frankfurt, the Dragula Bat watches as these events unfold. He looks from his huge windows down upon the ants below…waiting for an opportune moment to cut off the Greek patient’s oxygen supply. Here in his financial Bastille, he feels safe, warm and superior. How mistaken he is.

Earlier at The Slog: Liberty lovers need more than Miliband Balls