TrueNorth

I'll be interested to hear what Bob Hoye has to say later today on his Friday wrap-up on Howe Street. audio interview page

yes! silver popped over £9 too!

Excerpt from the latest Matterhorn Asset Management letter: full article here: http://matterhornassetmanagement.com/newsl.../?newsletter=21

I was wondering the same thing. Wondered if I should cash out of gold for the mo and step aside until the carnage is over. But I don't think I will. I will ride this out like the previous dips.

ya, I noticed the GSR heading up.

speaking of the COT, here is an interesting piece: Are The Bullion Banks Losing Their Grip On Gold And Silver? Peter DeGraaf article on goldseek.com

Me t'ree.

FT had a story a month or more ago citing "cash buyers" driving the market. I was surprised to hear that.

Funny, I was thinking it would be cool to chart the contracts taking delivery and see if they are rising. And ref the above on contango, I also just stumbled upon this at GoldMoney. [bolding mine] I am sure many here have holdings that would exceed these delivery criteria.

No, not for me. I plan to hang onto my gold into the contraction, and then when it rebounds, trade it for silver.

Chazza -- go you! I think the dollar will go up in the crash, and gold down. That's the short-term. And then, it will turn. Dollar will crash and gold will go up.

party-pooper! my mistake. Generally, though I mean "the next big move" up. No idea what that may be in GBP. £700 in the short term?

GBP price has surpassed 581 this morning. That's the highest we have seen since June. Plus 580 was entered in January and stayed above that until june. It's been sideways since June in a very narrow range. Hopefully that's built up the jet fuel we've been looking for to sauter past 1000.

By Stewart Thomson, re gold, US $: "A Sea-change is Coming" - from 321 gold

Something I read over the weekend, think it was in one of my subscription-newsletters, was, [paraphrasing here]: "Mr Butler believes Mr Gensler (new head of CFTC) will sort out the silver shorts because Mr Butler is a gentleman, and he expects Gensler to keep his word." The writer believed Ted Butler was being overly optimistic about the nature of the people who run the CFTC. I tend to agree with that negative perception.

me too.

Very good chart on the above -- Gold in Euros "looks like it is setting up to go parabolic" according to Clive:

Clive Maund Gold Market update: 23rd August gold update I find Clive's stuff very good. I posted his analogous Silver Market update on the silver thread.

Clive Maund, Silver Market update: CM, Silver, 23rd August

Barratt Developments up 9.45% today? New 52-wk high? Que?

Exactly what Ed Steer wrote in today's missive: I really do wonder what the "point" of the World Gold Council is.

Hmmmm. Velly intellesting.

Nope, it's not on their website. Latest release is Aug 7 re central bank sales. They did, however, use my format in May

Well, let's put it this way: the World Gold Council, as a membership organisation, works for the benefit of its members. Its communications should support that. Every one of those mining companies pays the WGC employees' salaries. What is good for the gold miners should be top of the comms agenda. So. I agree, they are not responsible for how the media interpret the story. But I betcha the WGC press release uses nearly an identical lead to the Bloomberg story! I am going to go look for it and will post it if I track it down.

Next thing you know, we'll find out Gartman is their official spokesman.