Morning Pic, The apologists or spokespeople for the Cartel such as Warren Bevan, Dennis Gartman and especially Larry Edelson are calling for more G&S downside. Larry Edelson sent out a note this AM calling for $1220 gold and $25 (or maybe $22) silver but they all say they are long-term positive.

The falling US dollar, rising oil prices and middle east riots are all big time G&S positive. Couple this with extreme G&S shortages and rising premiums and you have to think the Cartel is going to have to let prices rise somewhat this week. Maybe we will see the start of this today.

Mike