Gold at $1695, Targets $1700, Silver Blasts Through $40

Gold and silver are both now higher than their initial Asian open "pop", and continuing to climb.
Gold has set a new nominal high at $1695, and silver has burst through $40, last at $40.26.

SPOT MARKET IS OPEN ( closes in 18 hrs. 18 mins.)
	Metals	Date	Time (EST)		Ask	Change from NY Close
	GOLD	08/07/2011	22:57		1694.90	+30.50	+1.83%
	SILVER	08/07/2011	22:57		40.26	+1.77	+4.62%

Former Fed Head Alan Greenspan isn't helping Blythe out any tonight either.
No garbledegook "Greenspeak" with his statement that there is zero probability of a US default, because we can always print money.





"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press More from CNBC: