That didn't take long. A little over an hour ago we wrote that we were watching gold today, and expected a big pop in silver if gold could take out the capping efforts near $1444 and make a new high. As soon as market suppression efforts ended near 10:00 NY time (pattern remains intact), gold promptly shot up to a new all time high of $1489.10, and silver made the big pop we were expecting, taking out $38 like a machete through butter, and last touching $38.19! Meanwhile the US $ is dropping like a rock. The dollar bounced during yesterdays session but once it hit previous support at 76, the sell-off commenced. As stated Sunday
here, we expect new lows and a possible disorderly sell-off in the dollar imminently.
The rout (of JP Morgan and co) is on!
