Wow, we have witnessed a few consecutive shocking days without question. It was only about a 1 week ago when financials and the USD were falling through the floor while PM's and crude were surging. Somehow without fundamental strength in financials and fundamental weakness in PM's, the tide has turned magically. Only a blind bat deep down in a cave cannot see the intervention. What we may have just witnessed and perhaps still witnessing is the PPT in emergency mode. Of course this would imply that such criminals would attack honest gold and silver while propping up or bailing out there criminal allies. All of a sudden financials are Teflon plated along with the DOW as any sign of bad news is just ignored with waves of buying. Anything goes to paint a positive picture. Of course again, these waves of buying consist mainly of PPT funds as even dimwit investors can see the manipulation and gag at its effects. Keep in mind that this regime is run by the same group that is responsible for killing an estimated 650K innocent Iraqi's just to allow Big Oil to re-enter the Iraqi oilfields. Therefore, the PPT does not have any qualms about committing fraud and robbing small investors blind day after day, month after month, and year after year. Do not count on the SEC or CFTC for anything, in fact be weary of them, as their latest activites only prove their main goal is to protect the perpetrators without regard for casualties.

At this juncture, we must ask ourselves if this take-down is just related to options expiry or something bigger? Remember, it was in July 2006 when our friendly Goldman Sachs tweaked their energy index to cause a lower gasoline price for the November 2006 Congressional elections. Therefore, what we are currently witnessing may be a repeat in preparation for the U.S. Presidential elections this Fall. This we won't know for about a week or two.

When this intervention ever ends or at least is minimized is difficult to call as it has been ramping up spectacularly. Unless their is some sort of revolution by the Average Joe, the small investor is pretty well at the mercy of the manipulated markets. The 2008 Beijing Olympics is only a few weeks away so we might see China take a more aggressive approach soon after. With 1.8 trillion in FX, it is in their best interest to act sooner rather than later, especially after the FED's recent escalation of currency debasement.

The force of this latest intervention caught even the veteran investors off guard. Perhaps a bright spot out there is that reports are increasing globally of increased demand of physical off-take, the Achilles heel of the cartel. Subsequently, they are being subjected to greater and greater stress. Probably an even bigger piece of ammunition against the cartel is the internet as the volume of anti-manipulation voices are growing stronger with time and communication. Imagine like we did a decade or two ago when all we had to learn from were newspapers. Finally now the interventions are being identified, discussed and acted against.

Thank God for Forums like this - VHF