Japan just announced it will go into hyperdrive printing yen. Bernanke and Great Britian are working overtime printing fiat paper. And the real currency for 2 millenium, gold, is now trending lower. Neanderthals could think better than....accepting paper backed by absolutely nothing.....as being a mindless game. They'd rather accept a bone with a little meat left on it rather than trading something of value for fiat. Mankind has come a long way....only to stumble at this point in history. Stay tuned!
well over the last month we've seen the beginnings of the disconnect between physical silver and paper silver. paper prices have gone down while demand has surged to record levels for physical. this has never happened before. we've yet to test the 52 week low in silver and keep dancing around the 27 mark. slv has been trading with a premium which indicates strong demand. this jobs report will decide whether we retest the lows or rebound.
should go back over 6 today. that was a very weak jobs report no way the fed raises rates. i'd like to see gold go back to 1600 and silver back over 28.50. what will it take? do fundamentals even matter anymore?