Big take down beginning of year, and as the pressure builds on paper currencies world wide, the war to devalue continues, with silver benefitting first and second quarters.
First we scare out the kiddees with huge swings. then sanity prevails as the great borrowers and spenders outdo the tax and spenders, with more printed moolah. The tax law was a joke, the sequester will get kicked down the road or stonewalled, Boehner couldn't even get his own self written law through the House, and had to take a worse more inflationary deal. Can you say doomed boys and girls?
Bernanke is printing money, he doesn't have any short term notes to TWIST into long term notes, the economy is barely breathing, the only way they make XMAS hiring look neutral is to raise last months 7.7% to 7.8%, which is fortuitously, the same 7.8% this December. Oh the horror!