So why isnt gold and silver roaring today with the fannie announcement? If silver and gold do not take off by end of this week, it might never do so the rest of the year. This is the perfect opportunity.
There is deleveraging process going. The fed is running out of powder. If the situation is not so dired, taking over FRE and FNM should occure after election. If you notice the China stock market performing today, you should see that Chinese goverment may not have enough foreign reserve to jack up the US dollar or buying more US debt any more. They may get tired of doing the thing that would destroy their country saving. Situation may evolve quickly out of control for every body and you know what gold and silver will be the default safe haven.