Tuesday worked out as we predicted Monday in 4 radio shows. Gold...

Tuesday worked out as we predicted Monday in 4 radio shows. Gold ended the day up $7.90 to $889.80 and silver fell $0.07 to $16.02. Both were spectacular recoveries. The Dow fell 128 to 11,971, S&P fell 132 and Nasdaq fell 286 Dow points. We had predicted the Dow would be off 100 to 200 points and that gold would be even to plus $10.00. The Fed lowered interest rates 3/4% to 3.5%. The yen fell .87 to $1.0655, the euro rose 1.72 to $1.4625, the pound rose .20 to $1.9607 and the Canadian dollar rose .61 to .9729. The 2-year Treasury yielded 2.04% and the 10s 3.48%. Oil fell $0.72 to $89.85, gas fell $0.03 to $2.28 and natural gas fell $0.03 to $7.64. February gold was trading $3.30 higher than the Comex close. The cut in interest rates is extremely bullish for gold and it won?t really be helpful for Wall Street. As you can see this is where market manipulation has led us. Gold open interest fell 98 contracts to 561,647 and silver OI rose 1,160 contracts to 182,055. The Tocom big shorts increased their shorts by 697 contracts to 90,316 on Friday and cut net shorts by 2,027 on Monday to 88,289, as Goldman increased shorts 2,419 and 131 to total 13,773. The same group cut silver shorts by 175 and 22 to total 987 contracts. Goldman increased Tocom shorts over the last four sessions by 3,600 contracts, a departure from what they had been doing, which tells you they knew what was coming. Wait until the Shanghai Futures Exchange gets rolling, then the gold suppression cartel will really have a nightmare. Their Chairman said the new gold contract will ?improve China?s influence on the global metals market and pave the way for China to set the prices in markets.?



The weekly ECB gold sales report shows central banks sold 41 million euros of gold last week, or 2.24 tons up from 2.19 tons the prior week.



Wednesday early saw another nasty opening. The Dow was minus 70, S&P minus 104, Nasdaq minus 132 and the FTSE minus 66 Dow Points. The CAC was off 63 and the DAX off 126. The 2-year was 1.95% and the 10s were 3.43%. Oil was off $0.89, gas off $0.02 and natural gas up $0.01. Gold was off $1.80, silver off $0.07, copper off $0.05 and the Nikkei Dow up 256 at 12,829.




A huge yen-hit on gold is on its way as the yen makes new highs. In order to save the stock markets from their 464-point Dow-Death-Plunge on Tuesday, the yen was weakened from its lows of about 105.951 yen per dollar and 152.998 yen per euro on Monday at about 12:20 pm EDT to 106.917 and 156.258 as of 1:25 pm EDT on Tuesday. That move, together with brute force PPT action that must have cost a mind-blowing fortune that we will all get to pay for to save the pirates on Wall Street, turned a 464 point crash into a 128 point loss. Because of gold's violent reaction upward to the Fed's cut, markets will be treated to a new yen- hit as the cartel hopes to suppress gold until the February futures are rolled over at the end of January by strengthening the yen to a new high of 105.187 per dollar and a very high 152.967 yen per euro as of 8:45 am EDT today. Now mind you that about a week ago on 1/14/08 the yen was at 108.273 and 161.021, so you can see the extent to which the cartel will go to hit gold at the expense of stock markets. Is it any wonder that the Dow has been given an 800 point haircut since the 1/14/08 close? The barbaric relic has become the bane of the stock markets, which will now continue to suffer from "yellow fever." And can you believe that the dollar is rallying today after yesterday's huge rate cut? Its Theatre Bizarre once again as the cartel warps the markets beyond recognition once again. Let's see how gold does in the face of this latest yen-hit. Remember, a demand for physical delivery under gold futures contracts is just what the doctor ordered for this situation. That would send gold past 1000 and on its way to 1500 in very short order. The cartel is out of gold. It is time to call their bluff and put an end to their BS.

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