PM fails, at least for now.

In the Silver market, the paper trade and the actual trade of metal are grossly out of sink. You can buy paper silver, but getting actual silver for delivery - you have to wait. For end users, the silver they use is relatively minor, so a price squeeze is developing.

There was also an attempt last week to knock the gold price down. Some entity was walking the price down by offering gold for sale. There was a ton at 1,613 and some more below 1,590. The Chinese swooped in and scarfed up a ton at 1,613, upon which the price went back up to 1,643 and the orders below 1,600 disappeared.

The general rule of the Market is that the longer the price is held down by manipulation, the larger and sharper is the rise when the manipulation no longer works.