The banksters have a big bet on the $1600 and $40 levels. The rush to safety from around the world into G&S must be causing them some angst. Options expiry is Tuesday according to Harvey Organ as below:
"The bankers tried to defend our 1600 gold level and 40 dollar silver level due to the massive calls placed on these metals. Options expiry on the metals is on Tuesday. First day notice for gold is Friday."
The Cartel is still trying to claw prices back today but unless the debt ceiling impasse shows some signs of being resolved -Blythe may lose today's battle.