Gold cash at Kitco is trading @$1666...Dec furures contract trading Down $8 @$1667...This obvious Gold manipulation , as in previous months, will come to an end within a few days, and Dec Gold futures will move up sharply as usual to reflect the time premium...This odd situation is caused by the manpulators, as they cannot sell or have enough Gold Bullion for cash, to bring the Gold cash price down, and so the sell the Gold future contracts, in this case December contract...
The US$ the US marketare all down again today US$ down to 81.24, and slippping...All the talk about US$ easing is not having any effect..the markets want to see action via QE3...which announcement may occur as early as this Friday, or 1st week in September....In the interim I expect a sharp rally in Gold, and the opposite sharp drop in US$...Gold stocks are by large part holding their own with little volumes, and look to me ready to pounce/bounce much higher very soon...
Nothing has actually changed on the prospects of WAR in ME, especially Iran ...word is out that B. Natanyahu leader of Isreali Knesset is readjusting his financial portfolio to reflect this attack..
It's all quiet before the very thundering STORM...
Mellow