For anyone who is new, maybe unfamiliar with the PM and Junior PM markets…what you are seeing here, now, with the price of SFMI is a managed takedown that is ending very soon….maybe already has…but the price will soon move back up. What it means is that you have been afforded yet another opportunity to buy SFMI at a ridiculously low price. As soon as gold and silver turned around and made new highs today, the writing was on the wall for those managing this stock…it s not the only one. However many PMs & JPMs moved up smartly with the gold and silver prices today and they will keep going. We are in a gold and silver rush no matter what any detractor says.

Bill Murphy tonight, in his nightly Le Metropole Café Letter, pointed out that this is only the second time in 12 years that gold has been taken down so hard and then reversed back so quickly to the upside to a record high.. That is most telling and most significant folks! As most of the mainstream in the West were looking for gold to correct, they got jolted by the shear might of the global buyers….buyers with blood in their eyes, buyers who will not be denied, buyers who will not settle for cash instead of the gold and silver they want. No one wants to play to the fiddle of NY, Toronto and British shysters anymore…and it was stated with vengeance today.

So, one has to ask oneself, how much longer can the illegal pressure be kept on an SFMI when the whole dam world can see that gold and silver are just warming up??? This world wide tidal wave wants gold and silver in their vaults and will soon want it with shares of those with the resources in the ground and/or above it…such as an SFMI. That “stuff” that SFMI has is worth hundreds of millions … and we get people playing games trying to continue to fool others with nonsense and naked shorting???? Truly incredible….as the spring keeps coiling.

Here are some tid bits from the Café and GATA…from some of the most expert people in the world on gold and silver:

“the most important thing you can know about the gold market is to know what GATA.org (gold Anti Trust Action ) knows … and that is to know about the gold price suppression scheme, how wrong the gold establishment has been about the real supply/demand numbers all these years (GATA has had the ones which proved to be correct), and why we have had the best gold track record on the planet for the last decade. …Both gold and silver put in technically constructive outside reversal days to the upside, leaving the shorts scratching their heads.

Perhaps the best example of that statement was our analysis over the past couple of months. Veteran Café members will recall how we pounded the table that the prices of gold and silver were taken down in July to set the stage for the inevitable QE which surely would kick in, or be announced, ahead of our coming elections, which have the incumbents (mostly Democrats) in deep trouble. This was not discussed anywhere outside of the GATA camp. Just the reverse was the case at the bottom of the correction. With gold around $1168, the widely quoted Dennis Gartman went on CNBC and said if he had any suggestion for investors it was to "SHORT GOLD!"

It doesn’t get any more clueless than that…

The Gold Cartel knew both precious metals would become THE GO TO investments by BIG MONEY … and they wanted both to begin their advances from submerged price levels. … which is just what has happened. How obvious is it that GATA was right on the money again? Take a gander at the price patterns of gold and silver. In essence, each has gone STRAIGHT UP…

Still some 3 trading days away from the end of the month but if we close September around these levels then silver will have broken out convincingly not just in dollar terms but collectively amongst a large band of the global currencies…

Assuming a move in gold to $1500 and a HUI:Gold ratio of 4 x times the 1999 ratio would project the HUI to .96 x 1500 = 1440, or almost a triple from where we are today….Where should the HUI be right now. Based on historical ratios it should above 750 so we have a lot of catching up to do…we are at 513 today…

It has to be BIG BIG money to be able to spit in the face of JP Morgan with their unlimited (Treasury backed) pockets. Is this private money? Yes, I am sure their is plenty of private demand for the real stuff, if I had to guess, I would say that "a" or several sovereigns have figured out the game! …It is very possible that this "group" has bided their time watching physical demand ramp up while supply has whithered…make no mistake about it, if you and I know that the COMEX and LBMA are frauds, you can bet that the governments of Russia, China, India and Brazil know it as well or better than we do!..

The keys to the gold and silver rallies:

*The gold and silver physical markets are on fire. Over the past many years, they have dried up on sharp price advances. This time demand is so strong, they have buyers competing against each other for supply.

Those buyers include the likes of countries such as Russia and China that could care less about The Gold Cartel.

*Contrary to popular thinking, gold is not overbought due to the antics of The Gold Cartel. As James Mc has pointed out over and over, the bums are now limiting gains to 1% on the upside. They don't even let gold rally to their old 2% daily limit. As a result, gold remains cheap for the amount of buyers who want to accumulate it and why we are not seeing the usual "sticker shock," or boycott from buying gradually rising prices in the cash market. In that regard, The Gold Cartel is shooting themselves in the foot.

*The Gold Cartel is stumbling to obtain available physical supply to meet surging gold and silver demand.

*The US economy is worsening. QE it is. Cheaper money means stronger gold and silver.

*The US dollar has serious problems. QE will worsen them.

*There are very few gold and silver bulls out there … both short and long-term.

*The US public can’t spell gold or silver yet. They don’t understand what is happening and why. Who is there to tell them? GATA is blackballed in the US and can barely get a word in edgewise, as noted recently on BNN’s sorry ass performance regarding our appearance.