Loading ...I don’t know where we’re going in the metals. With the drop in the dollar over the last 5 days, gold has been pretty pathetic. Should have been up $100 – easily. Par for the course, it has never failed to disappoint.
JPM taking delivery of silver is odd to me. Why silver? Is it possible that in reaction to the move from the BRIC’s the US will be forced to back with something? Silver would work, but our financial crooks don’t like any backing, they want to make computer entries and exchange nothing for real stuff.
I’m so fed up and pissed at the theft of these money center banks and their clowns in the Fed, not to mention the criminals in our Gov’t.
Just look at RIO, BHP and FCX up 2.5-3%, and the HUI is up 1/2% – barely.
I could see your scenario when the BRIC’s announce and they come in and crush gold. I don’t see how they do that if Shanghai revalues though.
PM’s are a losing proposition until they’re not.