I wonder what the MMs and funds/traders are thinking when they see this type of information? Or are they just so arrogant that they think it their fraud can never end?

The entire table of commodity prices is rising.

Excerpts from the latest from Jim Willie:

http://news.goldseek.com

“It is not demand, as most Deflationist Knuckleheads claim. It is not supply, as the moronic followers of Laffer Curve advocates insist. Instead, it is the falling USDollar since all commodities are priced in US$ terms. Lower demand will not result in lower commodity prices, since the monetary effect trumps all…

The entire table of commodity prices is rising. Since the advent of QE, QE-Lite, and QE2, the full price structure has been rising steadily and noticeably. As the USDollar declines in value, the price of any commodity priced in US$ terms rises. The USDollar is not the constant, as they along with Wall Street mavens believe. Gold is constant, and the USDollar is falling versus Gold…

The fiat paper monetary system, based upon denominated debt rather than sacrosanct inert metal with no counter-party risk, is decaying into a international scrap heap…

More dollars equals a less valuable dollar. A declining dollar causes all things denominated in dollars (gold, oil, corn) to rise. The dollar is going to be declining farther with the advent of QE3. So the way must be prepared by smashing commodities first, so that they start their next upleg from a lower point. Thus, the fundamentals are overridden...

Today, money has been trashed in a grand debasement process, where money no longer has value. This is utterly basic…

QE3 will be rolled out strong firm and powerful. Gold will tell you, as it calls the USFed's bluff. It knows how to properly interpret such news..

(Deflationists)… have shown a consistent lack of comprehension for much of anything regarding the monetary effects of the QE programs. All you see are the asset crunches in housing and products caught in liquidation…as pf Dec. his crude oil forecast of $50 did not come to pass…his strong USDollar rally in the last six months did not come to pass…his gold forecasts of a 20% retreat did not come to pass. My refusal to follow his advice and sell all the gold & silver in accounts in December during the consolidation has been a good decision…

Gold is taking the head fake of no continued QE, but not coming down much at all. Geez, a real crater from 1570 to 1530, a mere pittance. Gold will rise hard and fast when QE reappears in whatever form, possibly even Global QE…Assets bound by debt instruments are cratering, as in DEFLATION. Assets not encumbered by debt and counter-party risk are rising, as in INFLATION…

• Pan Asian Gold Exchange launch will crush the illicit COMEX shorts. The Chinese gold futures contracts will offer competition by adding another price fix to compete with London and New York price discovery. The dominance by Anglos will change markedly. Imagine the impact of 320 million China Ag Bank clients hooked in.

• China's asset managers have been approved to raise $70 billion for gold purchases. The nation moves slowly toward investment overseas. Many firms have won approval, more lined up, as significant funds have entered their tills for investment in precious metals.

• JPMorgan sidesteps rules to become COMEX vault operator, as inventory levels are in doubt. Rules do not apply to the syndicate dons. Rumors fly that COMEX silver inventory might be about 1/3 of advertised levels. Meanwhile, the SLV exchange traded fund managed by JPMorgan is believed to be illicitly satisfying COMEX short positions. Rumors fly that SLV inventory might be about 1/3 of advertised levels. At least there is symmetry amidst the smoke.

• Ben Davies, John Embry, Jim Sinclair, John Hathaway, and James Turk share their aggressive price forecasts for Gold & Silver. They have been amazingly accurate so far during this historic bull market.

SILVER TARGET OVER $100

A powerful dynamic has been at work for a few years. A Silver deficit remains a boon to investors but a plague to central bankers. The USGovt silver stockpile was depleted in 2005. Gold will continue to fight the political battles in the open fields. But Silver will run through the broken battle lines on a white horse to take triple the price gains. The march toward $100 Silver sounded like lunatic forecasts two years ago, but are more realistic with each passing month nowadays. Silver is growing in investment demand, the object of purchase by central banks as a reserve asset in allocations.

The deficit in silver, the amount by which demand exceeds supply, has been chronic for over a decade. It is a wonder that analysts do not recognize this basic fact, but many are paid to be stupid with precious metals, in support of the Great Paper Chase directed by Wall Street conmen.

The next few months will bring great entertainment on stage, as the many clowns calling an end to the Gold & Silver bull market in May will be forced to explain why the gold price is moving on the $1700 level and the silver price is moving on the $60 level. The autumn months will be the timeframe.