A London gold source, not The Stalker’s London gold trader, says that the general feeling is that if gold can trade over $1,000 for three days, the price will spike from there. If it can’t hold, they are looking for a plunge to $910 to $920 before gold soars. Still don’t know what that superb London trader for The STALKER thinks.

Also, our STALKER source tells us London is in a bit of a snit over Dubai wanting their gold back. Apparently, the Germans are urging them on. The London bullion people are concerned over London losing its impact as the leading gold center and perhaps because the GOLD IS NOT THERE TO SEND TO DUBAI.

It seems the reason silver rose to $20 last year is that the Dubai people wanted their silver back and London didn’t have it. Therefore, the Americans shipped it over to London to send to Dubai … sort of a quid pro quo deal for Brown’s sale of English gold to bail out the Americans back in May of 1999.

I have commented before that if London can't deliver the ME its gold, all hell will break loose. At this time I doubt that the US has gold sitting in the locker to send to London to send to the ME. The biggest source of gold remaining could very well be the "reported" stash of the gold ETF. If neither the US or GLD has enough gold to bail out London, .... no telling what could happen.

And there is that little problem of buyers who just say "thank you sir may I have another" each time the cabal pushes paper on the crimes to pound the price of gold down. There is a building pile of calls that could very well end up with more june gold calls inthe money than there is gold in the registered crimex pile. Could we see some really BIG fireworks come 4 July?