[arete]

Gold closed above $330 for the third day to close at $337.60 in the futures markets.

Does anyone think that the FED may be buying gold to make it look like the reflation plan is working? They don't want us (us being the serfs) thinking about or even mentioning the "D" word anymore. Anyway, I'm sure that those price spikes can be explained many different ways, but it sure does make me wonder if it isn't just another magic trick to help keep all Greenspan's balls in the air.

Richard W.

[Billy_bob_bob]

I just saw gold hit $340 on kitco.com, so I guess the short term trend is still up. I am surprised to see gold moving up after such a strong up day on the stock markets. I'm still expecting to see gold pushed down below $320 one more time before it heads up over $360.