"A very good friend in the City today (I've known him for circa 25 years--he is dean of London bond analysts and well informed, spoke with someone he knows in Zurich about precious metals. Zurich friend told Steve that the Fed and Bank of England have been borrowing gold from the ETFs to desperately suppress gold price cuz if it breaks out (presumably above 1000 significantly) 'the game is over'. Same Zurich source also said silver is poised to literally explode at that point."

One more shot at the ETFs. But the markets are prime ground for gamblers and the ETFs are casino gold!