Perhaps some support from Bill will help to keep the tug of ECU investor capitulation at bay ...for a few more days at least...or, hopefully a few more months at most....cuz "the squeeze" is comin.

"However, The Gold Cartel’s best laid plans on this quiet trading today ran into difficulty as little by little gold crept back up. From a technical market viewpoint, there is nothing better than two small down days after a run like we have had to the upside. It relieves the overbought condition without doing much damage to the price. In addition, this sort of price action following the PM Fix gives more support to Adrian’s widely read analysis that The Gold Cartel is gradually getting stuffed and are looking at big trouble in the weeks and months ahead. The bums are just not getting much traction for their gold selling buck…

What goes around, comes around. The Gold Cartel suppressed the price of gold at too low a price for far too long. Now, with quantitative easing upon us, their available supply of central bank gold to contain the price from exploding is getting harder and harder to come by. Had they let the price of gold soar years ago, like it should have done, they would not have to deal with such a contentious psychological market factor…

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, writes tonight that silver is in the middle of "a textbook case of market manipulation" until this month's futures options expire. But Turk adds that silver has nearly completed a two-year accumulation pattern and he expects it to break upward soon. Turk's commentary is headlined "Manipulating the Silver Market" and you can find it at the FGMR Internet site here:

http://www.fgmr.com/manipulating-the-silver-market.html

“…There are 34,230 contracts of open interest in SEP silver or 171 Mozs; this is very high for this time of the month and must be giving JPM cardiac arrest just thinking about what will happen if a large proportion stands for delivery. Cheers , Adrian”

Gold sentiment remains ABYSMAL, which is SO MARKET FRIENDLY.

Eureka moment for stubborn Yukon prospector who wouldn't give up

http://www.theglobeandmail.com/report-on-business/industry-news/energy-a...

“Gold fever is gripping Yukon for the first time in more than a century following a discovery by a penniless and persistent prospector who was determined to find the source of the original Klondike deposits….

…While his work has yet to result in an operating mine, it has already sparked a record-setting staking rush and led to the multimillion-dollar takeover of a junior gold explorer by a senior producer.”

More deals are expected as junior mining companies flock to the area around Mr. Ryan's findings and raise millions to finance further exploration, making big bets on what they hope will be the next mother lode of gold. “