"Thanks for posting the latest from Clive, one of the most proven twits in the business. Have any other great prognosticators you would like to unveil?"

Yes, I immediately followed that with a James Turk posting who took the opposite tack and recommends buying. Although I could post Arch Crawford(?) who says planetary alignment around Aug 1st signals a major event like a war or huge stock market crash.

I think that Bernanke's presentation to congress has been the main driver in the gov't ordering the cartel to take gold and silver down. I have been buying the pm's this week as I think we are near or have hit the bottom on gold and silver. Also options expiry for gold and silver this month look positive for gold and I think we may have the cartel on our side late this week or early next week. I expect gold to break $1220 and silver $18.50 by next Monday. If the silver lawsuit makes the headlines this week, we could see $19 very soon.

Mike