$''s & AuI’m sure the Fed and friends will try and cap gold today but there has been an interesting development over the past couple days. The stronger US $ is being converted to gold not JPY, EUR, CHF or other paper trash. Has someone finally blinked? If so we will soon see, because gold will fly and it will be a case of how much of each countries paper trash it takes to buy an ounce of it. I’m beginning to think there may be some merit to the stories of $5000 gold. Global banks and financial institutions are likely also finding out that there are not a lot of people that are prepared to trade their gold for their derivative packages, not even at 10 cents of the dollar.
Next step will be that the leverage value in gold mining stocks will be realized.