On a related note, I was listening to the local radio station business update around 8am this morning and had a good laugh when the announcer came to speak on the latest commodity prices. See if you can spot (ala Sesame Street) "which one of these things doesn't belong with the others"

"Oil is in record territory in overseas trading, commodities are up all across the board and GOLD IS DOWN $2."

Even a 10 year old would be curious why that yellow stuff down when everything else is up. The dichotomy between super high energy prices and PMs has reached incredible levels and one or the other has to give way shortly. Central Bank selling of bullion, not unlike Gold mines, both have a limited lifespan before the treasure runs out and a marked slowdown in sales out of European CBs suggests the only recourse left to the Cartel is increased paper-based shorting but that avenue too has an even more limited lifespan. Just look at the dramam unfolding in Oil futures where the Big Boys are in a panic abandoning the short side in droves for delivery committments in 2010 and further out. The outcome for Gold and Silver are no different, than for Oil, Palladium, Rhodium so hold onto your hats. Common sense dictates the gig is all but up so small wonder Jim Sinclair's neck hair is standing on end.