"short squeeze in gold to shock the world", page-24

Hi Biggles and all,

If I was a betting man I would say the $20.00 hit to the Gold price could be a precursor to some bad employment numbers out of the USA later today.

Just to save you the trouble how about this for positive market spin:

US TV news (Any Brand): Today it appears that many more Americans now have much more leisure time on their hands! This bodes well for the airlines and tourism industries as a Hawaiian hotel rooms are snapped up for as little 50 food stamps per night.

I know you often like to quote the gold and silver production rates so thought you may enjoy reading this. I picked it up from Harvey’s site:

The US Geological Survey has just released USA mineral production for silver.


The total this year in gold is down a touch at 230 tonnes from last year's 234 tonnes!


All the mines in the USA produced 1050 tonnes of silver or 33.75 million oz. Last year we had production of 1120 tonnes or 36 million oz. The lower production is certainly going to have a severe effect on the USA mint as all of USA silver goes to the mint first. With the USA minting far in excess of 40 million oz per year, the USA must import silver from either Canada or Mexico.

Since Canada is rationing it's silver and also the fact that the mints make a huge profit from minting coins, I doubt if any silver will leave Canada. Thus Mexico is the only route for these mints and Mexico is also beginning to add metals to their official reserves.


I strongly believe that the comex has a "Houston, I think we have problem"

Cheers and very best regards: Andy