But what is pathetic is how the CB's are defending $1320 with a paper wall, while the Chinese and Arabs are buying physical like there is no tomorrow.

I guess we will open far above $1320 tomorrow and the we will see what happens when the dollar/yen ratio approaches the triangle breakdown point at around 97.1. The article below explains what is really happening with the mining sector.

http://news.goldseek.com/GoldSeek/1381759740.php