Over the past few days, gold has weathered a relatively weak options expiry takedown, a relatively weak if any jobs report takedown (this week), the usual daily NY takedowns, extreme euro weakness, and extreme USD strength. Rebounding against one of these conditions is noteworthy, but taken as a collective group almost simultaneously, it is nothing short of amazing that gold is still rising.

Keep in mind too that when the USD index sunk to its 72 level lows in the Spring 2008, gold was trading around the $900 level. Compared to today's corresponding levels in both currencies, gold has shown much superior performance.

With the economies of sovereigns, states, and municipalities sinking faster than the Titanic, gold's recent strength will only accelerate in the future. It is important to note too that gold reacts very positively to images of public violence, which is sure to escalate over the coming months.

As Coach and a few others have alluded to recently, NY cartel control of gold is becoming less and less effective. Even the puppets on CNBC are having trouble finding guests that don't believe in silver and gold manipulation.

Cheers - VHF