just a reminder from ed steer that the bullion banks are still in charge of the market, but for the moment at least, it appears that not even they are all-powerful:

As I put the finishing touches on today's rant, I note that gold and silver are up nicely in early morning trading in London. Of course, I'm just as happy as you are...as I watch my net worth increase by nice increments every day...but I never forget for one instant that the buying that's driving up the price of both gold and silver right now, is being met by equally determined sellers, as the U.S. bullion banks et al go short against all longs. They are the only parties willing to go short in this environment...and they're still in total control of this market at this moment...until they're not. I'd love to see them get overrun...and watch the prices of both gold and silver head for the stars. It hasn't happened yet, but it could. Someday it will...and when it does, the party will be at Ted Butler's place!

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