Gold got to 1226 last night, touching a spot many anticipated might be a high. With this mentality in place, gold did sell back down to yesterday's levels. Which is in and of itself no big thing. The trading pattern in the sell off did look just a bit forced; though that may have been a sell-off based on the particular number reached.

But what struck me as odd was that every junior I follow and which is listed on my screen opened up significantly above yesterday's closing price. Now how much sense does that make when gold had just dropped from 1226 to yesterday's levels and could naturally have been perceived to fall much further with all the "tops" that everyone was seeing.

Then just like one would have expected (within 1 minute) each and every one of those stocks dropped like a rocket, most requiring only one trade to a reasonable amount below yesterday's close.

It was almost like all the U.S. brokers had been instructed to show a huge drop from the open to frighten small investors out of their positions as the anti-gold crowd tried to push the gold price down and stocks down with it.

Now, there, was something that truly did not fit normal market actions. You had to see it to appreciate how absurd it was. Check the highs and lows on the U.S. traded stocks you follow and see if there is a daily high posting that makes no sense to you either since the gold juniors have been down all day. My sampling was quite small; it encompassed only four stocks. Kimber was the best of them as it only opened at yesterdays's close but the next trades were way below that.

Hopefully the "Beijing Put" will keep the market disciplined as it should be.

P.