Well, we held most of the gains, which says a lot about the strength of the paper players at the Crimex, they may not have the ammo they used to. I thought I read something a few months ago about silver supply running short in London, and that coupled with the amount of leveraged paper shorts over there could be a problem.
Still, aside from silver and some of the silver shares, today doesn’t exactly feel like a victory. The large cap gold shares led by NEM look like garbage. Hard to see us launching from here.
