Loading ...I think it was all staged.
Oh the yen carry trade is no longer a good idea – no really – we haven’t turned this into a suicide mission – no really … honest.
They have to get gold and silver down as far as possible with the BRICs meetings going on etc.
Just listen to Andy Schectman on this subject and more. (Listen to the compliment Shawn gives Andy at the end – won’t hear that every day.)
So, they were able to club silver like a baby seal – but gold is a stallion – holding above $2400 despite their best efforts to tamp it down.
Is it BRICs buying? Is it a deteriorating debt market(s)?
Frankly Scarlet … I don’t give a damn.
Just keep it up boyz.
Western idiots will figure out they have to buy sooner or later as well.
Better ‘jump in’ like you do with all your other crap before PMs are revalued higher.