Yesterday, as this "hearing" was going on, I posted the gold chart with the comment that the banks were not afraid of the CFTC. The typical fishing line pattern was evident and I am positive that we will see that the wall street mafia dumped a huge amount of short paper on the market.

We will now see it there is a shred of honesty left in this govt bureaucracy. I give it about a 1 in 3 chance that ANYTHING will be done.

Oh, here is today's chart at 9:19 EDT: