*James Mc just checked in with a trading pattern recap for the day…

Cartel rule violation trifecta X 3

Bill,
In just 2 minutes from 6:13 - 6:14 PM Sunday evening gold clocked a gain of $22.60 on heavy access trade of 3,443 contracts. That was the first cartel rule violation. Since then every other cartel rule has also been violated. It is a Monday trifecta X 3 by my count.

* Bullish access trade open
* No 3:00 AM selloff
* Bullish Comex open
* Higher PM fix
* Rally post-London close
* 1% and 2% rule violation
* Upside follow-through later in the morning
* Strong HUI
* Silver up 5.5%

This is exactly what you'd expect if the spec shorts are going to get annihilated. We should be seeing a HUGE move, and soon. Longs should now be pressing the shorts, and the shorts should be running for the exits. If op. ex. now settles below $1300 now it can only be one reason, that being a cartel influenced selloff.

The recent string of PM fix gains over the AM fix has been amazing In fact. the past 11 straight PM fixes have been higher than the AM fix. Additionally 14 out of the past 15 have also been higher dating back to July 3rd . This is VERY rare, and the timing of course coincides with the negative GOFO rates. The updated cumulative PM fix gains since June 1 including today now stands at +$50.25. This flip-flopped PM fix strength has been remarkably accurate in predicting imminent rallies. If the percentage gains in both the 2007-2008 and 2011 rallies are an indicator we should be seeing all-time (nominal) highs. If there was indeed a mysterious fire at the JPM gold vault in NY you can at least understand the odds of it being a coincidence are virtually zero.
James Mc