Today was one of the worst days the market has seen in a while. With widening sovereign debt concerns, the Goldman Sachs charges, BP oil spill and trade tensions with China, there is plenty for investors to be nervous about. Considering all of these factors and the weakening Euro — the profit taking, rush [...]
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It is amusing to see the media cite a million different reasons for the sell off in both precious metals and stocks today. Chief among them was Goldman Sachs being charged with fraud, as if we didn’t already know they were manipulating the markets to suck the remaining wealth from the middle class and [...] Silver has been performing very strongly over the past month, has broken through previous resistance and continues to move higher despite the large concentrated short position by commercial traders (JPM and HSBC) on the Comex. There are signs that an increasing number of hedge funds and individual investors are demanding delivery of physical silver [...] |
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