Today was a scare tactic as a reaction to SVM's blowout quarterly earnings report. The POS is over $30, and the SIL miners were set for a big rally, so they awere shorted today, maybe even naked shorted in necessary.
Not matter what happened today, it was a bad day for the bullion banks. The POS is settling above $30 for a 2nd day in a row. After tomorrow, if the POS still over $30, Friday would be set up for a run at the 30 year high.
The SIL miners will have there day in the not too distant future.
bear raid hahaha the only one scared was you. if not why call ita scare tactic? jpm wants all metals on the table. nothing was taken off the table. Gold is now 50% more liquid for all who dont understand. it can be used as collateral just like stocks, bonds.