I'll have the Black Swan please, with a side order of silver
Minus 12.5% on top of 6% back to back downshifts? N Korea rattles, China cools, and bombings in Boston--it's hard to get worse news for US markets and those preliminary selloffs were on the capitulation that low irates are here to stay for the next two maybe three years. A bit of a bounce overnight, is all there is, but interestingly, the Japanese me too market which mimics the US 242 trading days of 250 is dead flat!!!!!!!!
More dismantled incendiary devices were found and neutralized in Boston. We need three full days of thrashing sideways and margin call cool off in the general market before I stick my toes into water filled with falling knives knife edge up.
Gold should be soaring and this market is upside down.Looks to me like a dead cat silver bounce.. I too am waiting as I dont think we have seen the bottom yet. Im wondering how low silver could go before SLW has trouble paying off their debt. Think they could lenghten out re-payment if they had too and other than the debt they have about zilch for overhead but the market Im sure is worried about that.