next reporting of short interest will show a 2 MILL share reduction in short interest . . . since it was a hedge - those dollars all went long this week. MUX will trade between 3-3.50 as gold remains safe haven.
How safe will even gold be, when governments like Cyprus just decide to take 9.9% of what you've got? When ordinary citizens do that they are called THIEVES. Somehow, when a government does it they get to call it "Policy." The fear caused by outright seizures could very easily grab the world financial system, and ##%@# everything up.
This is not over with by a long shot. This is just the start to the European depression. US and China will not be able to cover this baby up. Italy next...then !@#%$!!!! US market will have more than a correction.