Well, at least we have something very positive today! Gold smashes through $1000 latest at $1004 to $1006. Very concrete.

So, now its only a matter of time before more and more confidence (looking for a place to call home) descends on the PMs and JPMs. This mornng on BNN all the yak was about Barrick (pardon me while I gag...the infamous ABX, Munk and hedge book hidden under the desk). Gold is green, ABX is green...it's a go! Munk has been given permission to very officially proceed with his gold positive character and promote gold without restriction.....after a progressive warming up period. So, the signal is obvious to all now that the big boys, after weeks/months of "discovery" are officially long. Hey, making dough on the short side is getting a bit thin. When CNBC starts being gold postive the fix is definitey in. I wonder if GE has bets on gold?

So, do we surmise JP Morgan has many long irons in the fire? Guess so.

Anyway, to repeat what I said last night indicators are springing up for the prep to go gold/JPMs long. The overshoot to the downside on all the JPMs has been historical and histerical...devastating and capitulative. All that's left is a little beach raking to pick up some scraps as the tide begins to move in. The word has been leaked out to start promoting. Hey, how about a sponsored investment club? Brokers like National and Wellington West have really started pushing gold and some selected stocks. The flag waving has started and theos in first will reap the most.

It won't be long before we see the BBs infested with pumpers as the role playing reverts to the long side. There's nothing like greed with impetus. We long suffering longs are about to claw our way back to neutral and up from there. I feel very strongly that events will happen at a much quicker pace than most suspect. I have already seen it in a few JPMs I own. The planet is hurtling towards hyperinflation and systemic failure. Time is being compressed. There will be breathtaking moves. The frenzy to get into the last standing currency of gold/silver will accelerate at an unpredictable pace. The transference of this energy into the JPMs will happen rapidly with speculative fever thrown into the volitile mix. The leverage to the upside will become dizzying as the woefully undervalued shares shoot through their former highs and upwards.

We have been tortured to expect repeated shocks for years and now we have been "trained" to flinch with the expectation that "the Cartel" will smash gold down yet again after and during the hammering of the shares. Will they? That's what we all expect isn't it? We have been "positioned".

I have to admit to being somewhat tentative s well...but intuition is still hanging around.