The most informed students of the gold market have long suggested that a 'day of reckoning' awaits the entities that collude and conspire to manage silver and gold prices, and that their fractional reserve system will collapse when investors holding their various IOU's decide to call for the actual commodity, causing a blow-up of the paper positions and a melt-up in prices! Well, the evidence that an old fashioned 'run' on the bullion is happening NOW is staring us in the face -- on Friday we learned that JP Morgan's actual gold reserves fell by an outstanding 66% on the day (see below). And last night a special report from Bill Murphy at LeMetropole Cafe opines that Gold's healthy advance on Friday (a day on which it is usually trampled) was a signal that the trading patterns have clearly changed and that a significant retreat by The Gold Cartel is on the horizon, perhaps the very immediate horizon! Murphy's analysis is further confirmed by today's jump in the gold price (the biggest in 13 months) which smashed both technical resistance and the cartel's virtually impenetrable 2% rule. This is another HUGE sign that the exits are full and an historic move upwards is in the cards. In my opinion we touched bottom a few weeks ago, sub $1300 gold and $20 silver is now history. Fortunately stacking physical silver or gold at these artificial prices is not -- please contact me should you wish to make a move. Steve