2nd consecutive day that Physical is down and miners are holding to being up. With what can only be considered violent action in the gold market and interest rate market, you have to wonder what is happening in the over 1 Quadrillion ($1 to the 15th power or 1,000,000 x 1,000,000,000) Derivative Market. What could possibly go wrong here?? Interest Rate Swaps are widely used to hold rates down as part of the Feds Strategy as executed by JP Morgan in the market. We now know that Italy lied like Greece with the adivce of Goldman Sachs and used derivatives to gain acess to the Euro Zone when formed. This is now coming to light that approx 30% of those are worthless. There HAS TO BE tremendous strain on the IRS market and the gold market with these very large moves. The action of the miners relative to the metal tells you there is a disconnect in the markets. We know that paper moves the gold price as the physical remains in great demand. This is a power struggle on a massive scale. With Russia and China buying physical big time in recent years - how do you think they are feeling about what is happening in the paper gold market. China will be trading physical by 2013 year end. Enjoy it from an entertainment perspective if nothing else. Good luck to us all.. I think we are going to need it.