But Ron Paul points his finger at two potential culprits: The Obama administration, and Goldman Sachs.

 

In a wide-ranging interview on CNBC.com's "Futures Now," the

former U.S. representative from Texas noted that 53,000 gold contracts had been sold amid gold's decline, potentially moving the market. And Paul implied that someone in President Obama's administration could be behind it.

 

"When that 53,000 contracts sold in one sale, who did that? Was that the President's Working Group on Financial Markets, or somebody else?" Paul said.

Paul seemed to be referring to a comment that BullionVault Vice President of Business Development Miguel Perez-Santalla made to USA Today (USA Today: "Gold Badly Tarnished"), in which he told that paper that "one big seller at the Comex opening" sold 53,000 contracts, triggering the sell-off.