BigPic, even people on CNBC were asking today and wondering why gold didn't receive any flight to quality buying and that it all went to treasuries and the dollar. The truth is that gold had lots of buying down to and including $1080 but these buyers backed off after being overwhelmed by the cartel trying to run the big stops that were below $1074 and that was all she wrote. Time and time again we have seen the cartel exploit what should be great gold buying news and cause it to be gold selling news and people always wonder why? It's because they can and this is how they make money by painting the tape and the CFTC let's them get away with it as always.

This stratgey has been effective for years in the cartels ever retreating action as gold moves higher year after year, some think it has shaved many hundreds of dollars from the present gold price. All I know is gold is winning but somehow it doesn't feel like it because money has been hard to make. I wasn't old enough to really understand or exploit the 1970's gold bull market because I didn't have the money as my career was just beginning but what is happening is almost exactly what I have read and Sinclair has warned of time and again, volitility and big quick moves as people are thrown off the bull or separated from their insurance. Not me, not ever!!

It looks like we got the job data gold selling a day earlier than expected. If you go back and look at the chart of the December jobs day around Dec 6-7, the gold selling was almost identical to today's.