Dear CIGAs,
Gold put in an impressive performance today from where I sit battling back from a barrage of selling linked to the ridiculous story circulating around the market today that China was not interested in buying gold. That initially emboldened the raiders at the Comex and sent the lemmings packing and heading for the hills [...]

Dear CIGAs,
The big mover in gold today was news that the Fed will increase the number of counterparties that they can do these so-called, “reverse repos” with. That was interpreted by some traders as a hint that tightening is on its way. That led to chatter that some would opt towards holding Treasuries and other [...]

Dear CIGAs,
In the period covered by the latest Commitment of Traders report, gold moved up $35.
The push higher was facilitated by an influx of new money from the managed money sector to the tune of 11,400 new longs. Not unexpectedly, the new buying was offset by bank selling revealed under the Producer/Merchant/Processor/User and Swap [...]

Dear Friends,
Here is further proof, if you still need any at this point, that illustrates the mentality that currently exists on Wall Street and the subsequent swath of destruction that these huge banks leave in their tracks. I pulled out two portions that catch the essence of the article.
Here is the first excerpt in a [...]

Dear CIGAs,
Gold put in a decent performance today which coming on a Friday with a jobs report being released is actually encouraging. Over the years we have seen so many of these payroll report days in which gold gets pummeled for no other reason than the bullion banks decide to beat up on the metal. [...]