Gold and silver are both strong this morning ahead of Bernanke’s 10am Jackson Hole speech, with silver beginning it’s move higher at approximately 2am EST, working strongly higher throughout the Asian and London session, and then popping nearly to $31 on the COMEX open.
This can mean one of two things:
1. Bernanke is actually about to shock the world with a massive stimulus announcement and the word has leaked to insiders.
2. Bernanke will disappoint as we think likely, and the cartel is attempting to induce new suckers (ahem…spec longs) to slaughter as the 10am raid commences.
We shall find out shortly.
Gold also worked higher overnight, again popping on the COMEX open exactly in it’s algo footstep:
Expect major action in both metals shortly.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Sadly, I think we are being set up for another raid. We are getting used to this!!!
I got used to it so much that now, I’m happy whenever the price of silver gets crushed by the raid. I’m happy with its price getting crushed because thanks to that way, I can afford more silver cheaply. You should also be happy about it too!
Buck FRNanke
All I saw was a drop in the Dollar, causing a jump in metals.
Here’s a little jingle: Just stopped in, to see what condition my position was in.
What a rodeo again.
Good one RRG
gone fishing for fresh bullion in any condition my friend
Yeah. yeah yeah
KR