Remember Von Greyez was saying that gold WILL go up this week? well he was right. He also chimed in again this week that it was goign to trade over 2000$ by end of march and silver will be between 50 to 67$ by the end of March. I'm inclined to believe him....he's a blue chip, white shoed player of the old kind! And then look below, a quote from Davies: Central Bank has entered into the picture...and trapping shorts and they want the gold. OH YEAH Baby!! we are off.....From KWN:

“There are flows into physical that some participants are not seeing. But we are hearing about (it and it) made us wary that the shorts were getting into a trapped position.

With oil prices starting to resume to the upside, there were a lot of geopolitical pressures that could underpin the (gold) market and send it higher. Everyone is looking for a reason why gold needs to go higher. The fact remains not enough people own the physical.

A new player came into the market and that caught the market substantially offside. It started on Monday. The market was quiet but a lot of option activity was taking place in the market and then again on Tuesday in the physical (market).

A bigger player (and a new player) came into the market and it’s a central bank. The fact is people don’t get what’s happening and that tells me the market is going higher.”