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Here we go, just after i posted, gold broke through 1005 and silver at 20.85. Because SLW is attached to the indices, when the markets sell off, SLW will initially go down automatically. But then we should see the buyers step in big. Crossing my fingers.
JPM and the Fed are working on a bailout. Great... Bear makes some bad calls, loses their ass, and the government is going to bail them out at the taxpayers expense no doubt. This is exactly what is wrong with this country and our leadership.