It looks like the month long CB currency intervention is either coming to an end or is losing steam due to overwhelming selling. The USD reached about 77.25 overnight and has since fallen to 76.40. Even the usual 3:00 am "prop" job overnight died out within hours. It has been only a few hours since the USD began to weaken but it has fallen quickly. Should this trend continue, we can expect fairer skies (not blue skies for sure) for PM's.

Da boyz are attempting to install a cap on gold around the $830 level right now. Their success will depend upon stabilization of the USD.

So far so good - VHF