Clip from tonight's Midas:

The CME raised margins yesterday on Comex silver contracts by $1,000. This is very unusual considering silver had just plunged almost $1.50 to $17.30. The leverage is currently 13-1 which is extremely low in light of the narrow $2 range silver has been stuck in for the past 3 months. I smell a rat, and it may be a preemptive strike to discourage longs 2 1/2 weeks ahead of first notice day for the July contract. It's even more suspicious when you consider gold margins are still $1,000 less than silver with gold hitting another all time high. The gold leverage is currently 22-1, or 70% higher than silver. This bears watching in my opinion.

The desperate cartel has their classic 2%, 1%, steady, down plan in motion for gold. Yesterday's trade was capped at 2%, and so far today (11:00 AM) the high tick for August gold was $1,254.50, or EXACTLY + 1%. If the cartel pattern holds tomorrow will be little or no gains, and the next day will be the negation of the breakout to new all-time highs. As always any failure of the cartel patterns should be carefully monitored. It's beyond farcical that the CFTC can sit and watch these operations in action and do nothing.