Loading ...Is this silver action for real!!??
silver=Mar’15 15.39-open 15.90-hi 14.155-lo 15.57-last 07:31
if it is….and in view of golds recovery from a 30 dollar loss-Then I declare a significant bottom in PMs–the hysterically bearish bears better do some soul searching
Notes from the rabbit hole cited a Citigroup report–which I saw too–saying gold was useless=
“Here is where the negative hype may get loud. First, in the run up to the vote Citi’s Willem Buiter basically lost his mind in a crazy screed against gold. This is good. What would be even better is a strong negative reaction in the gold market off of this news because it too, like the India news to the positive side, has little to do with the real fundamentals for the gold sector. It could usher in an opportunity by clearing out the speculators and hangers on, and that is why it is good.”
Rabbit Hole made an astute observation and what he said has come to pass overnight…fine and dandy! Now lets see if gold can –like a returning salmon-fight its way up the cascade of altos and go positive