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Wednesday, October 6, 2010

Gold World News Flash

Gold World News Flash

Spot Gold Prices, Silver Rage Higher

Posted: 06 Oct 2010 01:29 AM PDT

"I think the price of gold and silver are raging higher today based on the decision overnight in Japan to cut their interest rate to a negative .1%, and fund a pool for additional quantitative easing," EverBank World Markets president Chuck Butler said. "Then that was followed up this morning by comments by Fed chairman Bernanke stating that the Fed may buy more debt to help the economy." All this leads to higher inflation in the future.


Gold Surges above 1340, Signaling Loss of Confidence in Fiat Currency

Posted: 06 Oct 2010 01:03 AM PDT

Market sentiment was buoyant yesterday, driven by monetary decisions from the RBA and the BOJ as well as unexpected rise in ISM services index. Gold resumed the relentless uptrend after a brief pullback. The rally accelerated in NY session as more Fed officials were cited as supportive for further QE.


Bernanke vs. Kondratieff: Round QE2 By: David Knox Barker | Tue, Oct 5, 2010

Posted: 06 Oct 2010 12:47 AM PDT

Prices will rise and the dollar crash if Bernanke's QE2 and inflation are winning and rates will be driven lower. If Kondratieff is gaining the upper hand in Round QE2, CPI and PPI prices will fall, the long bond and 10-Year will continue to rally in price, and interest rates will fall naturally into the upcoming long wave trough in 2012 before trending higher. If Kondratieff long wave deflation dominates this round, the dollar will not collapse, it will rally hard into 2012. Gold will likely rally either way, as it is increasingly recognized as the world's most legitimate reserve currency. Central banks have stopped their gold sales, preparing for the meteoric rise of digital gold currency as the global currency that will ride herd over the rest of the world's currencies, and punish the currencies whose governments do not embrace the new fiscal conservatism.


George Soros: More Stimulus Needed

Posted: 06 Oct 2010 12:36 AM PDT

Although Soros makes no mention of gold "although he is a big owner" , the implications of these measures on the yellow metal are likely to be positive. An unprecedented rise in government spending in recent years has helped propel the price of gold to new all-time highs, and there is little reason to believe that further fiscal stimulus would have a different effect.


Norcini, Sinclair - Financial Hurricane To Collapse the System

Posted: 05 Oct 2010 10:00 PM PDT

King World News conducted an interview today that included comments from Jim Sinclair and Dan Norcini regarding incredibly important events that are unfolding in both the financial system and the gold and silver markets. This interview describes what may very well bring the financial system to its knees.


This posting includes an audio/video/photo media file: Download Now

Hedge Funds May Be About To Trigger A U.S. Dollar Collapse

Posted: 05 Oct 2010 09:28 PM PDT

How plausible is it that hedge fund stress could trigger a straight up USD collapse? For these four reasons, our currency may be hanging in a more delicate balance than we realize.


How can the Bank of Japan Spark a Rally in Gold and Crude?

Posted: 05 Oct 2010 07:46 PM PDT

courtesy of DailyFX.com October 05, 2010 04:08 PM Another central bank took up the stimulus call Tuesday and the result was a rally in speculative assets and a swell in demand for an alternative at the same time. For the commodities market this would translate into strong rallies for both oil and gold. North American Commodity Update Commodities - Energy A Rally in Risk Appetite Trends and Tumble for the Dollar Translates into Gains for Oil Crude Oil (LS Nymex) - $82.82 // $1.35 // 1.66% Last week’s bullish drive behind oil was revived through Tuesday’s session as the capital markets showed the evidence of a revived taste for risk appetite. And, despite the fact that this swell in demand for speculative assets was derived through government intervention and manipulation, traders will ultimately go with the flow. For performance, the previous day’s session offered a notable 1.7 percent rally that would mark a fresh seven-month high on both an intraday...


Crude Oil Gains on ISM Index, Gold Surges on Sinking Dollar

Posted: 05 Oct 2010 07:46 PM PDT

courtesy of DailyFX.com October 05, 2010 10:51 PM A shut down of the Houston Ship channel gave crude oil a bit of bid on a day of profit taking in U.S. equity markets. Gold fell the most since late August, but silver fell even more, sending the gold/silver ratio notably higher. Commodities – Energy Crude Oil Gains on ISM Index Crude Oil (WTI) - $82.68 // $0.14 // 0.17% Commentary: A better-than-expected reading on the ISM Non-manufacturing index sent U.S. equity markets soaring on Tuesday, with crude oil coming along for the ride. The commodity added $1.35, or 1.66%, to settle at $82.82, the highest level in two months. The Houston Ship Channel remains shut down, which is reducing crude oil deliveries to refineries in the area, but the closure is still expected to be brief, and thus will have limited impact to operations in the area. Instead, the driver of crude oil will continue to be the global economic outlook, as well as the movements in equity markets. The go...


The Great Gold Revaluation

Posted: 05 Oct 2010 07:46 PM PDT

Stewart Thomson email: [EMAIL="s2p3t4@sympatico.ca"]s2p3t4@sympatico.ca[/EMAIL] Oct 5, 2010 1. Here we go again. Those who were shorting the stock market at Dow 6500 are now calling for a new bull market. Here's my words to them: 2. You missed it. Dow stocks have tripled and even quadrupled off the lows of March 2009. For those who forgot: I bought Dow stocks hard into the day of those lows while 99% of the world's investors were in the fetal position beating on the sell button with a hammer. Buy from the fetal position. Sell from the Friday Night at the club feeling you get when price is soaring. 3. This is crash season for the stock market, and for you, and it extends from the start of August to the end of October, approximately. Today is October 5th. Not Oct 31. I'm enjoying my financial holiday from the market while the market achieves zero. Are you? 4. Regardless of crash season, September is the worst month for the stock mark...


Jim?s Mailbox

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 07:33 AM Quad City Tire Prices Skyrocket CIGA Eric The illusion of deflation continues to be smashed by the reality of living. Tire purchases can be postponed only so long. "All I know is I don’t like it. Prices are going up," said driver Ellouise Hall. Another driver, Steve Maxfield says, "that is a steep increase per tire and that can make a difference." Maxfield was going to buy new tires in the next couple of months, but now with the prices continuing to climb he is re-thinking his game plan. Source: kwqc.com More… It’s Time for the Gold Shares To Play Catch Up CIGA Eric Gold clearly leads the gold shares. The discrepancy or time delay between new highs in gold (bullion) and gold shares is illustrated below by the yellow boxes. All charts have been updated through September. Gold and Gold Stocks Side by Side Comparison: While gold may lead the gold stocks, it does no...


Mortgage Backed CDOs Hit The Fan

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 08:04 AM Dear CIGAs, It is all over. Gold is going to and through $1650. The people who know it has hit the fan are the OTC derivative manufacturers and distributors. They are the buyers of gold in huge tonne chucks in the cash market. QE to infinity is absolutely in the cards. Yesterday I emailed all of you who are on the free JSMineset email list concerning the Kentucky RICO civil suits that speak clearly and directly to the fact that securitized (collateralized) debt on mortgages is a can of worms with many mortgages having no paperwork, lost paperwork or paperwork that has been duplicated many times in many collateral debt instruments. Goldman is now being sued over collateral debt obligations, those items I have referred to as without good collateral. The you know what has hit the fan and Gold is being bought by the devils themselves. The ill gotten gains of OTC derivatives are taking cash gold from producers...


Silver Chart From Trader Dan

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 09:00 AM Dear CIGAs, Click chart to enlarge today's action in Silver in PDF format with commentary from Trader Dan Norcini ...


The Foreclosure Fraud Crisis

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 08:39 AM Dear CIGAs, This can easily put gold up in excess of $100 in a day. I have seen gold rise $150 in a day for much less in 1980. The key element here is that securitized collateralized debt has little good collateral. This is what the emergency meeting at the New York Fed in 2008 was all about. I have told you about that meeting multiple times since 2008. This is the greatest fraud in the history of man. The you know what has hit the fan....


Hourly Action In Gold From Trader Dan

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 09:59 AM Dear CIGAs, Tune in tomorrow for another episode of "As the Currency Wars Turn", or perhaps, "Days of our Monetary Madness". Call it whatever soap opera name you want but once again the Dollar went "KERPLUNK" as traders wasted no time whatsoever slapping it silly. The result was the same – Gold soared into yet another all time record high, silver shot up again making a fresh 30 year high, copper made a 2 year high, platinum and palladium were both strong and crude oil closed in on $83. Nearly everything that remotely resembled a commodity was up with only lumber lagging a tad. Stocks soared licking their chops in anticipation of lots more funny money but interestingly enough, bonds refused to break significantly lower instead holding relatively steady. Considering the extent of the stock market rally, the action in the bonds more than anything tells me that the bond market is looking at one thing and one thing o...


In The News Today

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 10:03 AM Trader Dan’s Commentary The Comex perma bears are about to experience one helluva bull ride Thought For The Morning All the mean emails from hedge fund managers and gold shorts calling me a pinhead telling me there isn’t a snowball’s chance in Hell of gold trading at $1650 on or before January 14th 2011 seem to have stopped. The truth is if it does, I am joining a Franciscan Monastery for the mute. Jim Sinclair’s Commentary The US dollar says to Gold: Jim Sinclair’s Commentary CIGA Pabst at the Lunguya, Tanzania seminar suggests that this illustrious speaker might be given consideration for a position writing for JSMineset. Clearly he has a similar mindset and means of presentation.   Jim Sinclair’s Commentary A recent documentary in late March, 2010 on the History Channel noted that all of these containers are shipped back to China ...


Broad Dollar Index Chart From Trader Dan

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 05, 2010 10:21 AM Dear Friends, It has been some time now since I have sent up a chart of the Broad Dollar Index. Those of you who have been with the site for a long while might recall that it was a regular chart around here. After the Dollar rally began in late 2008 as the Yen carry trade unwind commenced it was not necessary to post this particular measurement of the Dollar as the USDX was giving us a fairly good representation of how it was faring on the Foreign Exchange markets. With the recent collapse of the greenback however, it might be helpful to view the Dollar compared to a much broader basket of currencies than comprises those that go into making the USDX (26 versus 6 for the USDX). Not only is the Dollar falling in value against the major currencies, it is also falling in value against the lesser known or traded global currencies as well. In short, it is in serious trouble especially now that it has decidedly broken i...


Gold Tests Trendline

Posted: 05 Oct 2010 07:46 PM PDT

courtesy of DailyFX.com October 05, 2010 06:23 AM Daily Bars Prepared by Jamie Saettele Daily RSI is now above 83 but still below the November 2009 reading of 85. An objective going forward remains 1405, which is the 100% extension of the 1048-1270 advance. The short term trendline is at 1337 today and may serve as resistance. Only a drop below 1300 would suggest a trend change....


The Great Correlation

Posted: 05 Oct 2010 07:46 PM PDT

The 5 min. Forecast October 05, 2010 12:02 PM by Addison Wiggin [LIST] [*] The “Great Correction” pauses… enter the “Great Correlation”… one easy way to play it [*] Gold touches record as world’s wealthy demand more vault space… [*] Why “there was no food crisis” in 2008… but we’re on the verge of one now [*] The sector that will perform well “whether the world gets better or does not get better”… and how to play it this week… [*] A wasteland of empty cul-de-sacs… the housing bubble as seen from Google Earth… [/LIST] This morning, we note the “Great Correction” is taking a breather. And frankly, the markets are looking a bit like 2008 before the panic. Nearly every asset class is going up -- stocks, bonds, gold, commodities. The dollar, on the other hand, is going down. [RIGHT][/RIGHT] If your time is especially limited today, we i...


Gold an 11 Year High for 2010

Posted: 05 Oct 2010 07:46 PM PDT

By Martin Armstrong's Economic Pi Cycle Published: September 26, 2010 ...


Gold Price & British Pound Sterling GBP Currency Trend Forecast into Mid 2011

Posted: 05 Oct 2010 07:46 PM PDT

Whilst many may perceive currency movements as wide multi-year trading ranges such as between highs of £/$ 2.00 to lows of £/$1.00, however all of the worlds currencies are actually in a continuous state of perpetual free fall where the multi-year high - low trading ranges are fluctuations within the differing rates of decent as all currencies are fiat backed by nothing more than mountains of ever expanding IOU's. The manifestation of the free fall in real values is the loss of purchasing power of currencies as measured by INFLATION that state propaganda has conditioned populations to accept as being a good thing. Now some may dispute which if any of the official inflation indices is reliable, after all for the past 10 years successive UK Government's have pushed towards using the Consumer Price Index (CPI) to measure inflation with the new Coalition government accelerating the trend to replace the Retail Price Index (RPI) because the RPI measure tends to trend 1% to 2% a...


LGMR: Gold & Silver Jump Again as Fed Threatens, Japan Delivers Fresh "Monetization"

Posted: 05 Oct 2010 07:46 PM PDT

London Gold Market Report from Adrian Ash BullionVault 09:40 ET, Tues 5 Oct. Gold & Silver Jump Again as Fed Threatens, Japan Delivers Fresh "Monetization" of Government Bonds THE PRICE OF SILVER and gold bullion leapt overnight in Asian and early London trade on Tuesday, hitting new highs vs. the Dollar as world stock markets also rose on fresh promises of quantitative easing on either side of the Pacific. Both the central banks of Australia and Japan defied analyst expectations – and Asian Gold Dealing "finally saw a little volatility" said one Hong Kong dealer – by failing to raise and by slashing their interest rates respectively.Overnight rates were left at 4.50% by the Reserve Bank of Australia, while the Bank of Japan cut its key lending rate from 0.1% to 0.0%. Tokyo also opened the door to a new round of money creation, establishing a new "asset purchase program" worth an initial ¥5 trillion ($60bn). Most critically, notes Diapason Commodities' Sean Co...


Crude Oil Little Changed After Key Port Shuts Down, Gold Falls the Most Since August

Posted: 05 Oct 2010 07:46 PM PDT

courtesy of DailyFX.com October 04, 2010 10:51 PM A shut down of the Houston Ship channel gave crude oil a bit of bid on a day of profit taking in U.S. equity markets. Gold fell the most since late August, but silver fell even more, sending the gold/silver ratio notably higher. Commodities – Energy Crude Oil Little Changed After Key Port Shuts Down Crude Oil (WTI) - $81.26 // $0.21 // 0.26% Commentary: Crude oil held onto most of the gains from the past two weeks, falling only $0.11, or 0.13%, on Monday, despite a more significant 0.8% decline in U.S. equity markets. The session could best be described as one of profit taking, with no notable news to spur conviction from traders. That being said, it is worth mentioning that the Houston Ship Channel has been temporarily shut down due to a “damaged tower that supports power cables running over the shipping lane,” according to the U.S. Coast Guard. The closure delays shipments of crude oil to several refiner...


Super Rich Buy Gold By The Ton

Posted: 05 Oct 2010 07:46 PM PDT

View the original post at jsmineset.com... October 04, 2010 10:18 PM Dear Friends, Please note one of the reasons that gold is still continuing to attract buying on dips in price Trader Dan Super Rich Investors Buy Gold By Ton By Laura MacInnis GENEVA | Mon Oct 4, 2010 1:13pm EDT GENEVA (Reuters) – The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday. Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They don’t only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank’s services for clients with assets of at least $50 million to invest. UBS is recommending top-tier client...


Everything's Going Up? Not Quite

Posted: 05 Oct 2010 07:44 PM PDT

John Lounsbury submits:

Stocks, gold, commodities.... they are all going up in lock step. How many talking heads have you heard in the last month or two say that many stocks are correlated making buying indexes as good as trying to pick a basket of stocks? I have heard that more times than I can count from memory.

Well, you are not really any wealthier for the investing you are doing in stocks, precious metals or commodities. At least, not if you are investing using the U.S. dollar as your currency. As Steve Hansen pointed out in his review of a Bernanke speech Monday, the dollar is behaving in a way that doesn't make sense to many observers. Bernanke was talking up fiscal responsibility, but the dollar continued dropping. It seems that just the thought that their might be further quantitative easing was enough to overcome anything else that might effect the value of the dollar.


Complete Story »


On the Correlation Between Bank Derivative Activities and the S&P 500

Posted: 05 Oct 2010 07:38 PM PDT

Tom Armistead submits:

Every quarter the OCC comes out with a Quarterly Report on Bank Derivative Activities. This contains a wealth of information, including the GPFV (Gross Positive Fair Value) and GNFV (Gross Negative Fair Value) of both Total Derivatives and Credit Derivatives for all Banks and Trading Companies combined. Not surprisingly, the GPFV always exceeds the GNFV: even less surprising, the size of the difference has a -90% correlation with the S&P 500.

Here is a chart (click to enlarge), displaying the dollar difference between the GPFV and GNFV of Credit Derivatives for all banks vs the S&P 500:


Complete Story »


GoldSeek.com Radio Gold Nugget: Harry S. Dent Jr. & Chris Waltzek

Posted: 05 Oct 2010 07:00 PM PDT

GoldSeek.com Radio Gold Nugget: Harry S. Dent Jr. & Chris Waltzek


Why Gold and Silver Will Gain From Mortgage Fraud Tsunami

Posted: 05 Oct 2010 06:45 PM PDT

Chris Mack submits:

Millions of Americans have already or will likely soon receive a letter from a legal firm representing their mortgage bank asking for help. I received such a letter myself, so I know this is real. The letter will be an admission that the bank has either lost or never had the proper documentation with your signature proving that you actually owe a mortgage balance bound to the property. This document, known as a note, is the legal instrument that secures a real property to a debt owed to a bank. The letter is a clear sign of desperation.

When a homeowner is forced into foreclosure, the case is presented to a judge for approval. Historically if uncontested, a foreclosure has quickly led to a judgment in favor of the bank - to evict the owner and confiscate the property. However, in the last few years a growing number of homeowners have been contesting the foreclosures and demanding proof of the note - or ownership of the mortgage. In many cases, the note can't be located and the foreclosure is not approved due to lack of documentation.


Complete Story »


Bernanke vs. Kondratieff: Round QE2

Posted: 05 Oct 2010 06:09 PM PDT

In Round QE1 2007-2009 of the unfolding global financial crisis, Federal Reserve Chairman Bernanke fought a remarkable round. It was the global financial and economic heavyweight fight of his life. Bernanke's effort temporarily prevented a global deflationary debt and economic demand collapse in the unfolding Kondratieff winter season. It remains to be seen whether QE1 and the trillions it will cost U.S. taxpayers will change the ultimate outcome.


Gold / Oil Ratio Signals and Latest QE Path

Posted: 05 Oct 2010 06:01 PM PDT

Ashraf Laidi submits:

Gold/Oil Ratio Against Equities

In my September 1st piece, I argued the importance of valuing Gold relative to Silver via the Gold/Silver ratio, concluding that gold will UNDERperfom silver despite its status in the limelight. Indeed, the G/S ratio has fallen 7% since the article, hitting a new 13-month low of 59.0. My case for "faster" gains in silver remain in place.


Complete Story »


Gold / Oil Ratio Signals and Latest QE Path

Posted: 05 Oct 2010 06:01 PM PDT

Ashraf Laidi submits:

Gold/Oil Ratio Against Equities

In my September 1st piece, I argued the importance of valuing Gold relative to Silver via the Gold/Silver ratio, concluding that gold will UNDERperfom silver despite its status in the limelight. Indeed, the G/S ratio has fallen 7% since the article, hitting a new 13-month low of 59.0. My case for "faster" gains in silver remain in place.


Complete Story »


Bullion’s Rampage Crushes Doubters

Posted: 05 Oct 2010 06:01 PM PDT

The other day, we asked what kind of benighted Wall Street lackey would be so bearish on gold and silver these days as to advise their immediate sale. With nearly every central bank in the world on a monetary wilding spree, how, one might ask, could bullion prices possibly fall? And, yes, they will someday — in a big way. But that day probably lies well down the road, since there is almost no chance that a world hopelessly addicted to central-bank "free" money is about to go cold turkey.


The Fed Is Dead, Maybe By 2012

Posted: 05 Oct 2010 06:01 PM PDT

OK, so Nassim Nicholas Taleb, the "Black Swan" author, actually said: "The Fed won't exist in 25 years." Warning: It'll happen much sooner, fallout of the coming Second American Revolution.
It's inevitable: Wall Street banks control the Federal Reserve system , it's their personal piggy bank. They've already done so much damage, yet have more control than ever.
 Warning: That's a set-up. They will eventually destroy capitalism, democracy, and the dollar's global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020.
Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb's prediction that the Fed is dying, that it's only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street.         
More Here..

Golden Secrets (IV) The Chinese Imperial Gold

Posted: 05 Oct 2010 06:00 PM PDT

Golden Secrets (IV) The Chinese Imperial Gold

Posted: 05 Oct 2010 06:00 PM PDT

James Turk interviewed about metals breakout at King World News

Posted: 05 Oct 2010 05:47 PM PDT

1:44a ET Wednesday, October 6, 2010

Dear Friend of GATA and Gold (and Silver):

GoldMoney founder and GATA consultant James Turk has given a quick audio interview to Eric King of King World News about the breakout in gold and silver and the prospects for mining shares. You can find it at the King World News Internet site here:

http://bit.ly/b9M6h7

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property

On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.

Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."

For complete information on Sona Resources Corp. please visit: www.SonaResources.com

A Canadian gold opportunity ready for growth


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Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource

Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.

For Prophecy's complete press release about its production plans, please visit:

http://www.prophecyresource.com/news_2010_may11.php

Gold & Silver: One of 5 Alternatives to Stocks & Bonds!

Posted: 05 Oct 2010 05:45 PM PDT

[Are you one of the] millions of people who lost money over the past decade in stocks and housing [who] are now buying bonds, annuities, and other fixed deposit credit based investments? [If so you are probably doing so because you] think it is the conservative [thing to do but, in fact, you] are really a [being a] speculator buying an asset far above its intrinsic value with the idea that someone else will pay even more [and such action] is guaranteed to disappoint. [Instead, you should make] alternative investments the core of your portfolio. Words: 834


Gold & Silver Jump Again as Fed Threatens…

Posted: 05 Oct 2010 05:33 PM PDT

Lately, there have been no, "smack downs"

Posted: 05 Oct 2010 05:22 PM PDT

It seems that the recent PM price spikes have NOT been accompanyed with the usual "smack downs" from TPTB.

Interesting to me. I realize that the current collective thought about this, is "probably" something along the lines of, "... they have lost the ability to do so" or there abouts.
at

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