Euorpe tried.......

Spot gold hit $965 coming into Europe where as usual it got the smackdown, as they hit for a quick $10 (believe it or not). However, buying came back in pushing it back up.

These guys are not going to give up until gold is convincingly through $1,000. The dollar is tanking again, and Bernanke speaks later so that means the Exchange Stablization Fund will be stepping in to prop up the dollar. Can't have the dollar at record lows (already 20bps off the lows) while Ben speaks.

Silver is on another absolute tear, hitting $19.50 before falling back a little. Oil hit $102 before falling back.


These certainly are interesting times.