The gold market has been under pressure lately as the government is on a tear to suppress the price. Aside from the Cliffs drama, the bullish element in the gold market has been absorbing all the miscreant's paper selling. The key level in here is the 50 day moving average price which is, today, at 1382.31. The last on gold is 1384.80 after being under the average line for the past few days. If the "powers-to-be fail again, gold will make a new all-time high on its next move.

Copper is expected to follow suit. I wonder how many millions of pounds of copper wait to be discovered on our Ring of Fire properties?