Wednesday, December 28, 2011

What if Gold and Silver break down hard?

Equity markets are threading water today. The market is trading up in this post Christmas session. We have been receiving many emails regarding the precious metals lately. It feels definitely there are many out there getting rather nervous. At one point this fall, every investor saw gold printing 2K before year end. Well, things have changed. Irrespective if central banks or others are pushing the metals prices lower, there are many investors geared heavily, all waiting for the move higher. Pundits all agree, gold (and silver) must move higher, especially with Europe on the brink of a collapse. We have been rather cautious on those “crowded” trades.Read more

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