Absolutely.Those gold bugs will be cowering in the corner. The...

Absolutely.

Those gold bugs will be cowering in the corner. The gold future for delivery in June is $326.9 USD. This is below a critical support level in the $330-$340 area. Those longs are toast. The Euro is also back to 1.05 against the USD. Those Russians will be selling their Euro and buying back their USD as we speak...HAHAHA.

Even yesterday I understand that all the futures traders were lining up to be short - no longs whatsoever. HAHAHA...This 20pt rise on the S&P500 last night - (and over a weekend) is a huge endorsement by the market and a sign of major confidence in the US lead action to save the dollar.

The Aussie SPI indicates a rise of 43 odd points in the XJO on Monday.

UP WE GO. This time its for real. The owners of the EURO may have some guns and planes but certainly no determination or Guts to use them in defence of their currency. They would loose anyway even if they did try - they already lost in 1945.

The Sur`geon