As far as I can tell, capping the price of gold the past 25 years or so has trumped any and all other signals whether they be chart patterns, press propaganda, fundamental and technical analysis, cycles of any sort and anything else relevant I've left out.

Temporary blips here and there, good for a trade maybe, but up until now, the cartel has been in the cat bird seat watching us feed on little scraps of nothings tossed our way. I read again for the umpteenth time that adjusted for inflation gold should be at least US2300. And just yesterday was this quote on Jim Sinclair's site: "Adjusted for inflation, Gold is nowhere near its all time peak - in real terms, it's only about half it prior highs"

So at 1050 I'm not thinking "to the moon" but rather up to maybe a fair price? Hmmm? Then maybe to the moon.

Some columnist wrote the other day on one of the sites, Stockhouse, I think, that the commercials doing all the shorting weren't worrying about gold moving higher, so they continue to short. Don't know how he would know. But maybe the commercials have an ace up their sleeve. Could be, but, if so, they've got me fooled...again.

I'm still wondering what happens if the commercials get run over and go under. And I wonder what they will do, how they will do it and what form the screwing of the public will take.