Some physical market selling was present as the PM Fix was a mediocre $904.50. After a brief pop from there, it was Plan B again from The cabal forces.

Today was atrocious. As the day wore on The Gold Cartel became more aggressive following the PM Fix and hit gold for about $8 in a matter of minutes, even as the dollar maintained its weak overtone. If there were any doubters left that the key to the gold market is physical market buying versus The Gold Cartel, or the action of the dollar, this ought to seal that one. Somebody wanted gold down today no matter what other markets did. Heck, oil was up on the day and the base metals were up sharply, including a nine cent rise in the copper price rise.

As always, the question is who is doing the selling? The European central banks are allowed to sell around 9.7 tonnes per week as a result of the second Washington Agreement. However, their selling continues to dry up…

And then Garic notes the GLD added 10 tonnes of gold on yesterday’s steep hit … going from 843.59 tonnes to 853.37 tonnes.

The gold open interest rose 4,889 contracts to 347,515, representing new selling in advance of today’s blatant bombing.

It was weird silver again. It never followed gold on the upside and acted weakish early on. However, once again, it did not follow gold on the downside like it did most of last year. This bodes well for the silver price in the weeks ahead.

The silver open interest went up 871 contracts to 93,864. The specs want in again.

----------------

The ECB’s weekly statement of condition indicated a rise of E1Mm (0.05 tonnes at the current book value) – said to be caused by a purchase of gold coin by one subordinate CB. This is I believe only the second time in the 9 year history of WAG sales agreements that an increase has been reported. Last week’s sale was 2.35 tonnes.

Yesterday’s $21.20 Comex loss (which involved the blocking of a spirited morning rally on the bulk of the day’s volume) saw open interest jump 4,889 lots (15.2 tonnes). Clearly a serious seller was present just above $915.

-------------------------

New Hampshire throwing down the gauntlet to the Federal Government. Someone told me that this passed tonight but I have not found any mention of that on the news, and it doesn't seem to be schedule for a vote just yet. But I'm checking.

If certain conditions are met, such as a Federal state of emergency not endorsed by the legistature or mandatory national service, not a draft in time of war, New Hampshire is going to declare the Constitution null and void and tell Obama to take ahike.

http://jessescrossroadscafe.blogspot... 2/new-hampshire-throws-down-gauntlet...