this is from lemetropolecafe:

The drama continues to build in the gold and silver markets. The battle between the "new buyers" and The Gold Cartel is intensifying … and noticeably so. From yesterday’s MIDAS:

"As a colleague said this morning, gold is trading differently these days. It has had a different smell to it."

It sure does. Yesterday gold was held in check during the Comex trading session and then mauled in the lightly traded Access Market. Meanwhile, the shares were trashed despite steady gold and silver. In days of yore this signaled an impending, following day assault on the gold and silver prices by the cabal forces. That was then.

For the second time in a row, this type of Gold Cartel steep assault on the shares (with a corresponding pounding of gold and silver in the Access Market) has been rebuffed by those who want to accumulate both gold and silver. Last evening, gold was trashed below $970, around a $10 drop from the previous day’s Comex close.

The AM Fix rebounded a tad at $973.50, but soon afterwards the bids started coming in from all over. By the time Comex opened, gold was called higher and stayed firm enough for the PM Fix to come in at $980.

With silver acting particularly well and moving up, gold began to respond to further weakening in the dollar. However, The Gold Cartel continues to go all out to prevent gold from taking out $990 and silver from blowing through $16. Late morning with gold reaching $987 and silver at $16 on the nose, silver began to swoon, under a severe cabal assault (the dollar was still very weak). Gold followed and it wasn’t long before each precious metal had given up all their gains for the day. It looked like a colossal reversal was coming, which would lead The Muppets and other clueless analysts to point to the poor gold action in light of the very weak dollar.

With only 20 minutes to go, silver looked particularly weak and acting as if it were going to give us a giant failure at $16. However, when I checked the closes, silver had SURGED, finishing not far from its high of the day and gold gave us a decent close.

What it showed more than anything else was that The Gold Cartel REALLY has its hands full. The buyers remain RELENTLESS, despite the obvious efforts of the cabal forces to keep prices down.

A GOOD DAY for us. A BAD DAY for them … which means we ought to get talk of IMF gold sales any day now … the usual Gold Cartel ploy when they need help getting gold and silver down.

No gaps to fill on the downside in gold or silver today.

The gold open interest fell a scant 38 contracts to 388,594. Meanwhile, the specs keep pouring into silver. Its OI went up another 868 contracts to 103,499, which is only 2/3 of its high of the decade. There is a LOT of room for the specs to pile into silver, as is the case with gold. It is more than 200,000 off its all-time high open interest.