Turd Ferguson's analysis below of last week's COT numbers suggest that the U.S. bullion banks have 'flipped' their massive short-of-gold positions and are now positioned to profit from a '70's style sling-shot move in the monetary metals. According to Mr. Murphy at LeMetroPole Cafe, the report is "staggeringly bullish" (if it portrays itself as it appears regarding the commercials getting longer while the specs get even shorter). The perps have no doubt saved themselves billions covering into a 35% price downdraft, but not without blowback in the real bullion market, where they've created a s---storm! Since last October we've watched this crowd finger the German repatriation request, delay or default on deliveries across Europe, 'borrow' the bullion in the GLD, and more recently, attempt to cut-off physical supply to the entire Indian continent. If these criminals are not yet done monkey-hammering the paper prices they must surely be considering how much harder they can push. In any case, I suspect that we will all look back in a year or two at $1250 and $20 as an incredible gift. If you would like to stack some physical gold or silver today I am here to help with the very best pricing and performance ... Steve