this is a small part of bill murphy's commentary, posted in the clear at goldseek. he doesn't do this very often, so here it is. it's about 25 pages in all, with some bits of information more useful than others:

This is one of those days I can write this portion of the MIDAS commentary before 9 AM Dallas time. Gold was just bombed for no apparent reason and has NO chance today. Unfortunately, The Gold Cabal forces, after capping the price around $956, made their move soon after trading on the Comex commenced for the reason articulated yesterday in my commentary…

"Usually The Gold Cartel is most aggressive around pivotal market reports (like the US jobs report), TV speeches regarding US economic policy, and key market events. The event this week is the astronomical amount of debt to be issued by the US Treasury … some $235 billion. The last thing the Treasury wants is a gold price headed towards $1,000 due to the perceived relationship between gold and US interest rates … so they are all over gold."

The bums made a stand at $940 which failed in the end, only to make another stand right below pivotal $960 … one which will fail too as time goes by. Even if (when) the US loses this latest battle, it will be a pittance compared to doing what they can to make sure their Treasury auctions aren’t a disaster due the price of gold shooting for psychologically important $1,000 per ounce.

The day is filled with irony…

*The CFTC is making a big deal they give a crud about market manipulation with their CFTC hearings on the energy markets this morning.

*They are doing so after refusing to include the manipulation of the gold and silver markets in these sessions, even as the price of gold is blatantly, and simultaneously, bombed by the same perpetrators GATA has cited for a decade.

http://news.goldseek.com/LemetropoleCafe/1248876000.php