Makes very little sense that PM"s aren't roaring northward with the stock market.
I'll hold my small (now over hedged) position for now.
I see Gold and Silver as an inflation, boom time investment.
Gold and Silver are rare, and becoming more rare. Not to mention all the store of value stuff like you hear from the "anti-fiat money" crowd.
Someone pointed out that there could be some supply coming to market from debtor nations to buy down their debt, maybe that explains these moves from yesterday, last night and today?
Well, let's see if there's a retest of the 22 level and how that goes. Not looking too good today....I'll admit, I most likely had this one called wrong. We'll see.
What happens if a small mine goes bankrupt like the one seeking alpha was talking about and all the upfront money going down the tubes?
If a miner goes bankrupt with gold and silver at these levels, I think somebody is snorting coke.