this is the account of today's trading in silver and gold from lemetropolecafe:

The Battle Royale rages. This morning with copper, oil and the euro higher, (and little in the news of significance) gold and silver were tanked by The Gold Cartel. As happens so often, they began to do their dirty at 3 AM NY time (Plan A) when they reported for work in London. Now THAT is getting old.

The 200-day gold moving average of $950 was taken out on the downside and gold fell to $942.10 in early Comex trading. Silver was bombed to $14.91. Once again The Gold Cartel had gold and silver on the ropes.

However, the new buyers showed up yet again to take them on. The dollar eased further and gold and silver made a relentless comeback. Gold closed above key $960 resistance, which was a major setback for The Gold Cartel. However, not to be outdone, the pathetic ones, led by Tim Geithner and Larry Summers, ordered the bums to go into a Plan C attack, since Plan A failed so miserably earlier in the trading session. Unreal what our financial market system has come to. The cretins have already taken gold down $6 in the lightly traded Access Market. Think of a little baby crying hysterically because he/she doesn’t get what she wants. That's Timmy and Larry!

Silver’s performance was fabulous. After taking out $15 key support, it turned around and almost gave us an outside day key reversal to the upside. All we needed was a close above $15.51. No matter, silver wants to go UPTOWN.

The gold open interest rose 1193 contracts to 388,374. It’s important to understand that when gold was rocking up this way last time, the gold OI was over 590,000 contracts. That will give you some idea how much room gold has for the specs to pour in on the long side to bury the bad guys.

The silver open interest continues to rise. It went up 710 contracts to 107,157, as the specs are more and more willing to take on the silver price managers. It is of importe to note that the new silver buyers did not back off on the recent, and most obvious, Gold Cartel raid.