Gold is up $8 and silver is up $.15

Given the frenetic but failed crimex pounding of the metals yesterday, today could be an interesting day. More stress is heaped upon the new york criminals each day via the precious metals market. Physical demand is holding at near historic highs and the pressure on the crimex paper market is increasing daily.

Each time the new york criminal element pushes theirworthless paper on the market, we see the new pattern. It is bought up. The price falls a little, but the buyers seem as intent as the sellers who can not deliver the metal if they had to. It seems like a game of chicken, but if the buyers are intent, they will win.

The new trend is a higher # of longs are opting for delivery; call options to futures and futures to physical. The significance of this cannot be over stated. There is too much paper and too little physical even if one believes the crimex claims of inventory.

Throw onto the fire the recent evidence of manipulation by the cabal of commodities, and treasury markets and we have a very different situation than in years past.

I am doing daily exercizes to be able to strengthen the death grip on my shares and my handful of physical. ...cold dead fingers type of determination!