I don't know about the rest of you but I feel like I was P*ssed on all over today. A golden shower of sorts, I suppose.

As everyone here who has followed gold over many years knows, gold is not for the faint hearted. It's volotile to say the least. If you read Embry's column on Sprott.com he blames much of the volotility to the anti gold cartel. Personally, I have to feel it's those pesky central bankers who make up that nasty group who had a lot to do with today's action.

After all, why would gold sell off after a .75% interest rate cut in the USD during a week in which the FED clearly opened the liquidity doors in an unprecidented way (IE turned the money presses up to 11). In fact, Gold reversed yesterdays selloff and shot up as eastern world started trading but then as soon as the American market got going today it was sold off again.

Personally, when Paulson says he supports a strong dollar policy, he means he supports suppression of gold giving the appearance of a strong dollar. He's one of the p*ssers with the largest bladder giving us this shower.

Of course, I don't think it was too hard for the FED to do their little number. After all, you have Frank Barbera and many analysts shouting out technicals that said the market was a little over bought. (It is as of this moment no longer overbought, by the way). So really all it took was something to get the momentum going downward and that probably took nothing less than good shove with some of the PPT's imaginary gold, sold by one of those banking folks who they're helping to keep afloat.

Although today was brutal, I believe gold's demise will be very short lived and will turn back to the upside in a matter of days if not as early as tomorrow. My feeling is that the USD will not rally against the Euro or other currencies because the fundementals are just not there for it to do so. The US economy is not going to recover anytime soon.

Ultimately, strong currencies are only built on strong economies or sometimes falsely propped up by high interest rates. How can the US increase interest rates now? I suppose that part of the reason for today's selloff is that investors might feel that interest rates can't be lowered much more. However, the idea that the dollar will rise as interest rates stabalize is false since what this really does is leave the fed with few options to support their banks other than to speed up their presses and print oodles of money and that will cause gold to go through the roof.

For those who worry that the end of gold's bull market is upon us, just watch and see how quickly it spikes up as soon as momentum shifts. Shorts will cover and funds will rush in bigger than ever. Anyways, my two year old is starting to pound all over the keyboard which is a sure sign I've been typing too long. Sorry for the long post.