so don't expect anything from gold and silver, today or tomorrow. gold has to be kept below $900, or someone besides jp morgan might make some money. of course if gold manages to close above $900 by wednesday, that might imply the gold cartel is really starting to lose control. this is from ed steer of casey research:

It should not be a surprise to anyone that gold and silver open interest soared on Friday on such spectacular price moves. In gold, o.i. rose a huge 17,817 contracts to 359,905...as the spec funds in the Non-Commercial category of the COT started to pour into this market. In silver, o.i. rose 1,343 contracts to 88,599...not really a big number of contracts, considering. It would be a good bet that JPMorgan and HSBC USA would have taken the majority of the short positions against all these new longs in both metals. This has been their SOP for the last ten years at least...so why should they change their game plan now?

Options expiry is tomorrow. I'm sure there's a tonne of call options that would expire in the money on any gold price close over $900 at the end of Comex trading on Wednesday. It will be interesting to watch the price action over the next 36 hours. I would suggest the same thing for silver over $12.00. I don't think that the boyz want to part with all the premiums on these call options that they've written...plus I'm sure that they don't want to risk that someone is laying in the bushes waiting for their $900 call options to finish in the money so they can convert to futures and stand for delivery on the Comex. That's another big no-no. I also note that despite Monday's decent price action, the share action did not match that...and the major gold indexes all finished down a little on the day.

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