Thursday, August 4, 2011
6:17 am (Hawaii) It was SGS who mentioned on Monday, I think, that the big boys were planning a major short rally on metals at some point. Those vultures got their wish. Gold went from 1583 (all-time high) to 1656 in the past 90 minutes. Silver went from 42.37 to 39.25. Took a look at ZSL, just a look. Can silver go from 42+ to 35 in one day? I wouldn't doubt it. Not at all. But if that happened, buying would dry up for awhile, no question. Anything that can be smacked down that quickly will scare off most traders and investors. Again, gold's sturdiness has more appeal in this mayhem.