It sure looks like $2000/oz is on the table for the end of August. And we have the Indian wedding season coming in September which is naturally the biggest buying three months for gold and silver.
Truly a perfect storm.
Aside, i think what we are watching are the shorts getting clobbered..that is JP Morgan and Lloyds of London do not have the gold that they had underwritten and stored for Chavez. They are scrambling to cover the 393 tons requested...
