Yesterdays attack on precious metals was a signal to the Cartel of todays attack on G&S. They have been doing this for years and see no reason to change. However lately the attacks have been contained - lets see what happens today.

Harvey Organ last night: http://harveyorgan.blogspot.com/

"Gold closed today up $1.40 to $1364.80. Silver on the other hand remained unchanged at $30.27.

The bankers do not like to see momentum build up as demand for gold/silver rise. The bankers knew the fix was in today that they had better supply large amounts of un-backed paper The HUI was whacked which is the signal to attack!. Also Ben the Bernake was speaking to Congress on the "tame' nature of inflation.

What a soap opera. I will get to this in the latter half of my commentary along with a discussion on interest rates swaps and how this huge derivative monster will bring down the entire financial scene."