Beginning at 12:35, Powell has another of these interviews with his former boss at Carlyle, David Rubenstein, sponsored by Bloomberg. Gold and silver(mostly gold so far) have come from being down in overnight trading to reversing strongly and looking to explode higher, maybe someone knows(wink,wink) that Powell is going to sound doveish.

Given how strong the metals are in anticipation, I wouldn’t be surprised if Powell tries to tamp them down with his remarks, if nothing else, than to create a temporary pullback and slow down the steepness of any rise.

The bottom line is that despite the bankers allowing gold to get close to challenging it’s recent ATH, they are still playing the arbitrage game of holding silver down from really breaking out. I don’t believe they will be able to continue to do so, by the time this week is over. If gold cuts loose, silver shouldn’t be far behind!