The Bank of England has just announced a roughly 40% increase in their money printing operations - officially anyway. This comes after most economists expected a decrease in printing press operations due to the media spun green shoots theory or improving economic conditions. This immediately boosted gold up in all currencies as currency traders become increasingly conditioned to weakening values of all paper currencies. Thus, the NY cartel may have just received a curve ball from across the pond. We will see just how flexible the boyz are as they now attempt to contain this $10 spike.

Cheers - VHF