Update, 11:04 pm (Hawaii). Dow Jones, S&P 500 and Nasdaq futures are flat. Crude oil (+1%), gold (+0.7%) and silver (+3.1%) are robust. Question is, has silver truly escaped the clutches of the naked short sellers/puppet masters? Or will we see a collapse before the opening bell as a bull trap is laid out in plain view? The effect of those lawsuits against JP Morgan has yet to wane. It may be a silver rush after all. We'll know in a few hours.
The Independent: Saudis mobilise thousands of troops to quell growing revolt (Mar 5 2011)
Reuters: Gold and iron expected to rise, copper steady (Mar 6 2011) "Addressing the Prospectors and Developers (PDAC) conference in Toronto, forecaster Philip Klapwijk said he saw a 'stronger case for investment in precious metals as a safe haven' as demand for base metals declines due to slowing global growth and political turmoil."
No comments:
Post a Comment