London has let loose the hounds after gold this morning. They have a couple of problems though including the fact that gold is immortal. Me thinks London doth protest too much. My guess is they are smashing the gold price because they know gold is going to deal a potential death blow to COMEX today via gold deliveries.

Indicators that today could be big include significant COMEX deliveries on Friday considering it was nearly a holiday and the fact that 92.6% of the gold deliveries were made by 4 commercials and 99.9% of the silver deliveries were made by 2 commercials only. In silver there were only 3 companies which delivered any silver while there were 22 companies which bought. This is not a balanced market and we have a small amount of cornered rats. Also many gold shares rose in Canada on Friday after COMEX closed early even though gold did nothing. Also add in the fact that India and Pakistan could go nuclear any time now. Jim Sinclair has been warning about this for years and is being vindicated by the increased chaos in Pakistan. The experienced Max Keiser also says the Russians are ploting their revenge for the crashed oil price and are planing to take gold deliveries from COMEX. Regards.