Sirens are Sounding
Posted: Thu Apr 28, 2016 4:17 pm
Gold and silver made great leaps today... and the mining stocks were incredible. All this while the DOW tanked.
You know they aren't going to allow precious metals to seem like a safe haven, particularly when the two asset classes
are moving in different directions. "Never let them stay green two days in a row, while equities are falling," they
like to say as they assassinate spot pricing.
The only question is, when will it start and how far will they crush it? I'm betting it starts (at the latest) on
Sunday nite, if not tonight. If they are unable to suppress the price this time, it will be a true testament to the resiliency
of this upsurge, and may well provide impetus for a strong, sustained move upwards (silver > $18, gold > $1290)
You know they aren't going to allow precious metals to seem like a safe haven, particularly when the two asset classes
are moving in different directions. "Never let them stay green two days in a row, while equities are falling," they
like to say as they assassinate spot pricing.
The only question is, when will it start and how far will they crush it? I'm betting it starts (at the latest) on
Sunday nite, if not tonight. If they are unable to suppress the price this time, it will be a true testament to the resiliency
of this upsurge, and may well provide impetus for a strong, sustained move upwards (silver > $18, gold > $1290)