I just noticed in a piece yesterday plugging another gold stock an astute observation that seems to have escaped Gartman and most of the other anti-gold boys. It has to do with the news that the Chinese government is encouraging its citizenry to buy gold and silver.

China is one of the "save face" cultures. So,

"The Chinese government will not allow a situation where it might suffer a “loss of face” to its people by letting the price of Gold drop significantly - and China is definitely capable of insuring that doesn’t happen."

I doubt the cartel with their paper shorting and other techniques can trump the Chinese government and the buying of gold and silver by a gazillion people. Sounds like we have a floor under the price.