this is from ed steer:

The gold price lost about eight bucks (silver was down about 20 cents) from the open in Sydney on Thursday morning until about fifteen minutes before the Comex opened in New York yesterday morning. A rally commenced which quickly turned into a vertical line that looked like it was heading for the outer edges of the known universe. Ditto for silver. Then, around 9:15 a.m. NY time..and as expected, the bullion banks showed up and hammered both rallies as flat as a pancake. Silver actually closed down on the day, and down 42 cents from it's high peak of $17.74. Gold was driven back below $900...down more than $10 from it's peak...which was $908.60.

You have to be brain dead not to see what's happening here. This is the third time this week that vertical price spikes in both metals were clobbered shortly after the Comex open. As I've said in the past...no profit-maximizing seller ever sells like this...ever! Only those trying to control the price do this sort of thing. And, as always, the CFTC, SEC and your mining company's executives are nowhere to be found.

http://caseyresearch.com/displayDrp....