An hour before the open in the States, and Silver and Gold are once again being smashed by paper metals trading. When will this let up you say? Gold is down about $17 and trading at $1,239. Silver is down .32 cents and is trading at $16.36.
image taken off of imaging silver and gold.
So, I always notice metals getting hammered due to the fact that big news is about to come out saying that the economy in the States is taking another nose dive. I predict this news will come out in the next day or so. Jobs numbers will probably be poor in the month of May, June. In order to make the show go on metals must be driven down so when they pop up it will look like they are not sky rocketing upward. Its all about control. If the public ever sees metals loosing control and sky rocketing upward rest assured, the people will BUY. The Comex and Big Banks cannot let this happen so they are doing everything in their power to drive down prices.
image off of google imaging.
If you are invested in either metal be rest assured. They, the metals will be going up soon and will surprise everyone. This is actually another gift to buyers. Now is a great time to buy metals. They are now on sale people. Time to load up the wagons. Cheers.
Life is good, grab your metals and Life will be BETTER.
Update by Tim Crowe