5:35AM PDST GOOD MORNING GOLD BUGS!

TODAY'S REPORTS: Retail sales Retail sales ex-autos Producer price index Core PPI Empire state Inventories Beige Book The reports are out and having effect on the markets. The CNBC jabberwockies are babbling that maybe the increasingly bad reports that are, and should be, coming in from now on will have more effect on the markets than the LIBOR rate. Then some say no, LIBOR will be the trigger. Who knows?...these markets are in such turmoil you could have a safer gamble pitching pennies against a wall. Gold is getting hit after the reports and I don't see any major reason why it should be going up against all the manipulative pressures until we start seeing businesses start to fail going into the holiday season. How much are you going to spend on Christmans this year?