Yup. All your reasons for gold not to go up are in play. Tomorrow, Jun 25, is OE. Last month we had the same behavior - gold went up the day before, like it might be different, but it wasn't. The day of OE gold went down. Should be the same tomorrow.

As for your reasons for gold to go up, all true fundamentally, gold should go up. Too bad fundamentals haven't overridden fraud, lies, deceit, and just generally naughty, powerful, flee bitten, scum-of-the-earth, people.

Eventually, someday, the fraud will fail. Too bad that can't be estimated on a chart. The fraudsters will continue doing so until, well, nobody knows. Even having no gold on the COMEX won't help gold's price because of the manipulation of deliveries. There may be specified dates deliveries are supposed to take place, but so what. Simply delay shipment, screw legal contracts. What's a person to do, sue? That's takes forever and cost a lot of money.

The result is there's no default at the COMEX because fraud rules the day. This will continue until, well, no body knows.

I hope Sinclair and Armstrong know something that I simply don't see and understand. They may be experts at detecting when fundamentals override fraud. I'm investing based on my belief in them. Guess I see if get to win this time, or if my investment in this sector just continues to be dead money.

One thing I know absolutely for certain - if the moment ever comes that I decide to divert my gold sector investments into some other short-term play, immediately after I should act, that's when the gold sector will move big. Happens to me all the time. I grow wary of waiting for a stock to move, usually weeks, then as soon as I exit the stock, it moves. Pisses me off to no end. Yet if I hold, it doesn't move no matter how long I hold it. What's a person to do?

Terry