Brutto

Law of Supply & Demand Is Dead for Gold & Silver

Manipulating the commodities market to bulk up banking profits seems a pretty complex undertaking to me, especially given the incompetence of the banks and monetary authorities in other matters - I doubt they are up to it, and it certainly didn't work for Lehman.

Cutting interest rates is a much simpler strategy of instantly strengthening bank balance sheets and profits, and one the Fed is used to executing - so watch for a rate cut, possibly this week.

Still, gold is a better store of value than greenbacks just now, so probably worth buying: maybe worth waiting until end of September, when some hedge fund bets have been shaken out by quarterly redemptions ...