At this point there is little sense in putting up any more gold charts. It is pretty clear what is happening: John McClane and Samuel L. Jackson are waiting for the next phone call with detailed instructions from Bernanke on how to short the dollar as the kleptocrats haul the 33 Liberty Street gold stash using garbage trucks.
And I thought it would cap at 1,000. This is why I am not a trader or commodities person. It will be an interesting ride over the next few months to a year as we watch the roller coaster ride of gold and the gold futures.
It looks like gold and silver will truly soar this time. I’m usually a contrary indicator for precious metals, but this time may be different.