http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d ist=yhoo&guid=%7B49A4B1B3%2D77C5%2D4A9E%2D8B89%2DCA237583D556%7D
Over on the Gold Bug sites, this article might excite speculation that there's a pump on JPM and Citi because of the large derivitive positions they hold, especially in gold. I never realized how many right-wingers have been waiting for capitalism to collapse because of the loose ways of "fiat" money, till I started following gold. Anyone check out those gold links or the GATA case? Somehow they manage to make it all the left's fault. Pretty amusing.
Whatever, something does appear to be up with gold. Months ago pr for private placements and other kinds of favorable fundings became frequent. Companies are consolidating. Like energy companies, to the benefit of shareholders. (really tech companies are consolidating too, but through the sale of cheap assets at the expense of investors and creditors). I think the first kind of consolidation may signal real market bottoms, maybe not the second. In any case, the "bullion banks" supposedly have huge short positions in gold, which has been rising for a year and soon my break the 20ish year downtrend. I just found out the gold market isn't that big, per Doug's Wallstreet, but if I was a powerful person fucking with world stability, I'd want a lot of it.