There are still a significant number of puts for the Aug gold contract, in the money, with the spot price below $1220. The con men have (almost) never, in the past, allowed these to expire in the money. "Different" is always a surprise in how it plays out and this time is no exception.

The price of gold and silver are down. By this I refer to what the pounded paper price (alitteration in honor of the Mogambo) is, compared to what the un-manipulated price would be. It would not surprise me no matter what the price of the metals will be at OE. US $s are easy for the crooks to come by and are not dear to them. What is dear is that the world keeps accepting their trash for goods and services. So the politico/banking cartel is torn between letting the price of gold rise and holding onto a few hundred million $s or having to find a lot of metal to deliver. History says the price of gold will rise to make the puts expire worthless. But the criminals don't want the PoG to rise as it points out the folly of fiat.

To make their choice a bit harder, to the keep the price down they will have to deliver physical into the market. That is their weakness. They have existed by supplying at the margin for years. But physical is getting harder and harder to deliver. As of yesterday there were still undelivered contracts in the Ju;y cycle. This is very unusual for this late in the month.

No prediction here, I am just a VERY interested spectator. But I know that sooner or later, the lack of available physical will change this market for a looooooong time. So I am staying put in my positions because when this thing blows it will be hard to catch the runaway train.