Another crummy day in paradise for the gold/silver shares. The XAU fell 4.23 to 194.11. The HUI was down over 15 at one point and finished off 11.56 to 508.62. As mentioned earlier in this commentary about two days ago, is this bashing another foretelling of yet another Gold Cartel attack on gold and silver? Could be? However, it seems to me this is more like a KILLER MOVE down, one which often presages a gigantic move to the upside. This kind of a killer move sends many long term investors into the exits, right before some BIG money is made on the upside.

The European debt problems are not going away anytime soon. Neither are the fiscal problems of the US Government and many of our states. It is not about Ben Bernanke and what our Fed says … or what our politicians say. It is about what they do, or are going to be forced to do.

There is no stomach in this country for concerted austerity programs to right a very wrong fiscal nightmare. Thus, the printing presses will be called in to save the day, with the Obama Administration hoping they work so they won’t be thrown out of office next year.

The BF operators and The Gold Cartel are doing all they can to keep gold below $1550 before the next stimulative efforts by the Fed and the rest of our Government are put into play. That is what all this latest huffing and puffing has been all about … and it has to do with keeping their cover.

In the very short term markets can do anything, especially with 500 pound gorillas sitting on them. However, there are too many smart people out there in the investment world which have to see the obvious. They have seen how gold and silver have performed these past years. There is every reason to expect MANY of them to want in on continuation moves to the upside. The gold/silver investment light bulb experience is about to light up many investment scoreboards … which will take gold and silver into all-time high ground, and beyond.