Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

I wouldn't be real surprised to see gold hit 382 this week. If it should then an assualt on 400 has began.
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Hi opnion,

A PoG close over 382 will certainly reignite my bullish mood.

I've got to see it happen first, however......

It's somewhat encouraging to see that the PoG has touched 379.20 so far this morning.

The open interest has soared once again to 284,226, up another 7129 contracts and is at record high levels.

The COMEX Dec open interest is now 201,584 contracts and I'm half expecting another BS move by the exchange to bail out the JPM et al led commercial shorts like they did when the COMEX disproportionately raised the margin requirements earlier this year causing the spec longs to run for the hills resulting in the PoG eventually dropping from $385 to $330.

I suspect this market is also rigged, and if so, the little guys like you and I are clearly at a disadvantage to the insiders.

I believe the bulls will eventually win out, but not before we have been made to sweat out every gain we accomplish.

Call me paranoid, but that's the way I feel after playing the PM's for almost a year and a half.