There is still an overhang of OI at $1,150 for gold, but I don't think that they are as worried about gold as they are for silver. I think there is a real silver shortage and they scramble for each bar delivered. They put themselves in the corner and are fighting with everything they have go extricate themselves with the least amount of damage.

As I have said before, I believe that when the smoke clears, and the paper game is all but dead, the boyz will have ended up with a substantial amount of physical and a lot of paper holders will have to settle for more paper, just a different color.