Gold World News Flash |
- Gold: Is the Best Part of the Rally Over, Or Yet to Come?
- Waves of Destruction
- Jim's Mailbox
- "Operation LeakS" Releases Initial BofA Emails Indicating Premeditated Intent To Deceive Government And Auditors
- Got Gold Report – Prepare for Bargain Hunting
- Silver surges in Asia
- Gold, Silver Surge At Open Of Electronic Trading
- King World News interviews with Rickards, Sinclair, and McEwen
- What the End of QE2 Means for Gold
- Stock World Weekly -Shake-up & Change
- Seeking Value in Gold Mining Juniors
- Japan Earthquake: Impact on Crude Oil, Fuel and Nuclear Power
- Do or Die Week for Stocks and Gold
- “. . . This year, JPMorgan Chase announced that it would accept physical gold as collateral for a number of transactions.”
- Guest Post: A Comeback For Gold-Backed Money?
- It's Do or Die Week for Equities and Gold
- The Silver Door Is Closing
- Gold Reversal Ahead?
- GET OUT!
- Time to Bet on a RISING U.S. Dollar?
- In the Silver Pit No One Can Hear You Screaming
- MCX Weekly Report
- The Astonishing Secret of Mexico’s Long-Lost Silver Treasure Maps
| Gold: Is the Best Part of the Rally Over, Or Yet to Come? Posted: 13 Mar 2011 06:22 PM PDT Faisal Humayun submits: Gold has outperformed almost all asset classes since October 2007 when the Federal Reserve started cutting interest rates. Gold has also given returns of over 350% (not adjusted for inflation) in the last twelve years after being in a bear market for nearly twenty years (prior to 1998). In an investment environment characterized by swift movement of money from one asset class to another, it is important to figure out if the best part of the rally for gold is over, or, the best is yet to come. This article looks into the probable short-term and long-term trend for the precious metal and the rationale for this assumption. In my opinion, gold is very likely to see some significant correction in the short-term Complete Story »
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| Posted: 13 Mar 2011 05:20 PM PDT www.preciousmetalstockreview.com March 12, 2011 It was quite a week to be sure. Markets were turbulent and have broken down slightly with the Nasdaq leading. This is normal, as the Nasdaq has led for quite some time and foretold the breakdown in other markets as well this past week. Now we see how deep the destruction goes. We needed a break or breather and now we have it. I doubt it will last long, but a couple weeks or so of trend-less base building action would be best before we resume higher towards my late 2010 target of 1,440 on the S&P. The metals broke out, then broke-down, then Silver rebounded sharply. Copper was weak early on and foreshadowed the weakness in markets and precious metals. It’s one to keep an eye one. The week was topped off with a devastating tsunami after a major earthquake, the likes of which we’ve never seen in our lifetimes. I won’t get much into my close call while trav...
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| Posted: 13 Mar 2011 05:06 PM PDT Jim, Japan will be selling Treasuries this week. I wouldn't be surprised if we have a QE3 announcement much sooner than expected. Regards, Japan brings money home to rebuild NEW YORK (Reuters) – Shaken by the prospect of nuclear meltdown after a devastating earthquake and tsunami, Japanese investors will dump overseas assets on Monday and bring their money home to help finance reconstruction. Positioning for this could send the dollar plummeting versus the yen on Monday and lead to a sharp slide in Treasuries since U.S. government bonds are a favorite asset of Japanese investors, market analysts said. Stocks also are likely to come under pressure. Japanese insurers will probably sell some of their most liquid foreign assets such as U.S. Treasuries so they can respond to the worst disaster since World War Two. The crisis could lead to insured losses of nearly $35 billion, risk modeling company AIR Worldwide said, making it one of the most expensive disasters in history and nearly as much as the entire worldwide catastrophe loss for the global insurance industry. Traders braced for just such an outcome on Friday, when the yen surged and Treasuries fell. The Bank of Japan probably will add money to the system to limit the liquidation of assets. But the big question remains of how much follow-through selling is yet to come.
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| Posted: 13 Mar 2011 04:31 PM PDT
From Operation LeakS' site, http://bankofamericasuck.com, here is the initial release of what appears to be a whistleblower's (former employee) disclosure that Brian Moynihan's firm is lying to the Federal government. The punchline is that this appears to be a concerted effort from the ground up to hide foreclosure data from auditors and the Fed in order to obtain select preferential treatment in a variety of housing related axes, in many instances to accelerate foreclosures. As the whistleblower summarizes: "Balboa Insurance/Countrywide knowingly hiding foreclosure information from federal auditors during the federal takeovers of IndyMac Federal (a subsidiary of OneWest) and Aurora Loan Services (a subsidiary of Lehman Bros Holdings), falsifying loan documentation in order to proceed with foreclosures by fixing letter cycles in the system, reporting incorrect volumes to all of their lenders and to the federal auditors to avoid fines for falling behind on Loan Modifications, purposefully and knowingly adjusting premiums for REO insurance for their corporate clients while denying forebearances for individual borrowers, etc, etc, etc. In addition, if anyone can get me a copy of the image of the hard drive that Jullian Assange reportedly has from the BofA executive, it will not take a dozen financial analysis to decipher it like I've read in the news. I could find all the dirt on that hard drive within a week." We'll see if Assange steps up. In the meantime we expect Brian Moynihan, or rather Ken Lewis who was in control back then, to pull a Dick Fuld and tell a Congressional hearing he had no idea any of this was happening, leading to the termination of some mid-level employee, notably the person who invalidated the following concerns: "I'm just a little concerned about the impact this has on the department and company. Why are we removing all record of this error?... There is always going to be the paper trail when one of these sent documents come back, this to me, seems to be a huge red flag for the auditors...This just doesn't seem right to me." That's ok - it will most certainly seem right to everyone in "law enforcement." The reason why the whistleblower is stepping up:
His motivation:
The core of the accusation: My name is (Anonymous). For the last 7 years, I worked in the Insurance/Mortgage industry for a company called Balboa Insurance. Many of you do not know who Balboa Insurance Group (soon to be rebranded as QBE First by Australian Reinsurance Company QBE according to internal communication sent to all Balboa associates) is, but if you’ve ever had a loan for an automobile, farm equipment, mobile home, or residential or commercial property, we knew you. In fact, we probably charged you money…a lot of money…for insurance you didn’t even need. Balboa Insurance Group, and it’s largest competitor, the market leader Assurant, is in the business of insurance tracking and Force Placed Insurance (aka Lender Placed Insurance, FOH, LPI, etc). What this means is that when you sign your name on the dotted line for your loan, the lienholder has certain insurance requirements that must be met for the life of the lien. Your lender (including, amongst others, GMAC, Aurora Loan Services [a subsidiary of Lehman Bros Holdings], IndyMac Federal Bank [a subsidiary of OneWest Bank], Saxon, HSBC, PennyMac [a collection agency started by former Countrywide Home Loans executive Stan Kurland after CHL and Balboa were sold to BAC], Downey Savings and Loans, Financial Freedom, Select Portfolio Services, Wells Fargo/Wachovia, and the now former owners of Balboa Insurance themselves…Bank of America) then outsources the tracking of your loan with them to a company like Balboa Insurance. Balboa makes some money by charging these companies to track your insurance (the payment of which is factored into your loan). If you do not meet the minimum insurance requirements set by your lienholder, Balboa Insurance places a force placed insurance policy on your loan. You are sent a letter telling you that you do not have insurance, and your escrow account is then adjusted for the inflated premium of a full coverage policy placed by Balboa’s insurance tracking group, run by Steven Ramsthel, Sr Vice President of Loan Tracking Operations & Customer Care at Balboa Insurance Group, as seen on his LinkedIn profile below:
How is Balboa able to charge such inflated premiums and get away with it? First, when you call in to customer service, for say, GMAC, you’re not actually speaking to a GMAC employee. You’re actually speaking to a Bank of America associate working for Balboa Insurance who is required by their business to business contract with GMAC to state that they are, in fact, an employee of GMAC. The reasoning is that if you do not realize you’re speaking to a Bank of America/Balboa Insurance employee, you have no reason to question the validity of the information you are receiving from them. If you call your insurance agent and ask them for the lienholder information for your GMAC/Wells Fargo/etc lien (home or auto) you will be provided with their name, but the mailing address will be a PO Box at one of Balboa’s 3 main tracking locations (Moon Township/Coreaopolis, PA, Dallas/Ft Worth, TX, or Phoenix/Chandler, AZ)
Tells me Boa is knowingly hiding Foreclosure information from Feds…
Screen shots of the Emails that was sent…….
Zero Hedge is still going through all the supporting documents, which can be read in their entirety at the following link.
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| Got Gold Report – Prepare for Bargain Hunting Posted: 13 Mar 2011 10:16 AM PDT Two weeks ago, when we last filed a full Got Gold Report, Gold had just closed at $1,408, silver at $33.30 and the very important gold/silver ratio was then about 42 ounces of silver to "buy" an ounce of gold. Our comments then centered around a perceived and actual shortage of silver metal then becoming quite obvious. Silver had gone into extreme and historic backwardation which is a clear sign of tightness in supply available to the futures market participants. We noted a number of other silver-supportive indications in that report for subscribers.
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| Posted: 13 Mar 2011 10:16 AM PDT Share this:
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| Gold, Silver Surge At Open Of Electronic Trading Posted: 13 Mar 2011 10:14 AM PDT
As the dollar plunges (supposedly on news of that Frankenstein of a Euro treaty announced on Saturday morning and on capital repatriation in Japan) the real reason for the plunge can be found in the action of the precious metals, where both gold and silver are about to take out period highs on more imminent global fiat dilution.
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| King World News interviews with Rickards, Sinclair, and McEwen Posted: 13 Mar 2011 10:10 AM PDT 6:10p ET Sunday, March 13, 2011 Dear Friend of GATA and Gold: Full audio of the three recent interviews at King World News noted in GATA Dispatches this week has been posted. The interview with market intelligence analyst Jim Rickards is here: http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/12_Jim_R... The interview with gold trader and mining entrepreneur Jim Sinclair is here: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/11_J... And the interview with mine developer Rob McEwen is here: http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/12_Rob_M... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Prophecy Resource Spins Off Platinum/Palladium Venture: Company Press Release, January 18, 2011 VANCOUVER, British Columbia -- Prophecy Resource Corp. (TSX-V:PCY)and Pacific Coast Nickel Corp. announce that they have agreed that PCNC will acquire Prophecy's Nickel PGM projects by issuing common shares to Prophecy. PCNC will acquire the Wellgreen PGM Ni-Cu and Lynn Lake nickel projects in the Yukon Territory and Manitoba respectively by issuing up to 550 million common shares of PCNC to Prophecy. PCNC has 55.7 million shares outstanding. Following the transaction: -- Prophecy will own approximately 90 percent of PCNC. -- PCNC will consolidate its share capital on a 10 old for one new basis. -- Prophecy will change its name to Prophecy Coal Corp. and PCNC will be renamed Prophecy Platinum Corp. -- Prophecy intends to distribute half of its PCNC shares to shareholders pro-rata in accordance with their holdings. Based on the closing price of the common shares of PCNC on January 17, $0.195 per share, the gross value of the transaction is $107,250,000. For the complete announcement, please visit: http://prophecyresource.com/news_2011_jan18.php Support GATA by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon: Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: http://www.gata.org/node/16 ADVERTISEMENT Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit, Extending the Mineralization of the Southwest Vein on the Property Company Press Release, October 27, 2010 VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include: -- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres. -- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres. -- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre. Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface. "The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest." For the company's full press release, please visit: http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf
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| What the End of QE2 Means for Gold Posted: 13 Mar 2011 10:06 AM PDT In the last six weeks gold has erased all the losses from the short-lived correction. Gold is back setting new all-time highs and silver is up more than 30% in the past six weeks. But as precious metals are adding to their gains, there are a lot of perceived headwinds coming for gold in the months ahead.
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| Stock World Weekly -Shake-up & Change Posted: 13 Mar 2011 09:20 AM PDT
The Latest Stock World Weekly is Ready! Click here > Shake-up & Change Picture credit: William Banzai7 Stock World Weekly Archives here > The earthquake and tsunami in Japan, and the resulting catastrophic damage, dominated the news. Reports continued to come in from around the country of massive, widespread devastation. An explosion at the Fukushima nuclear reactor complex in the town of Okuma raised concerns of a possible Chernobyl-style nuclear event. Rescue and relief efforts mobilized around the world as multiple nations joined in to help with disaster relief. “This will make a Japanese rate hike out of the question, probably for the rest of this year, and so it will be a dollar booster and EDZ will, of course, be flying. This is not the way we like to win on our bets, unfortunately but it is a very good object lesson about why it is very foolish not to always have some kind of disaster protection in your portfolio – because you never do know when a disaster is going to strike. Over time, it’s complacency that kills you...” - Phil [...] Charles Hugh Smith of the blog “Of two Minds” surmised, “Some analysts have reckoned that Japan will consume less oil and resources in the wake of the quake, but if we look out a bit further, we see that rebuilding will require monumental amounts of energy and materials. Japan's consumption of commodities will rise, not fall.” [...] Another highly significant, although less visible, event was Pimco’s divesting itself of U.S. Treasury holdings. Keep in mind, Pimco is in the business of buying bonds and providing returns for investors...Pimco has over a trillion Dollars in assets, yet is choosing not to buy debt from the United States government. It seems likely that Mr. Gross believes there is a strong risk that inflation will increase while the Dollar will weaken. In this case, U.S. Treasuries will lose value. It will be interesting to see if other Bond Managers follow Bill Gross's example and begin to file out of US Treasuries. We have three trade ideas for the upcoming week... Read the whole newsletter here >
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| Seeking Value in Gold Mining Juniors Posted: 13 Mar 2011 09:14 AM PDT |
| Japan Earthquake: Impact on Crude Oil, Fuel and Nuclear Power Posted: 13 Mar 2011 07:58 AM PDT
By Dian L. Chu, EconMatters 
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| Do or Die Week for Stocks and Gold Posted: 13 Mar 2011 07:27 AM PDT The past couple weeks have been choppy in the equities market. While the strong intraday moves are great for day traders, it is extremely difficult for swing/position traders who normally hold positions for 3-60 days in length, which is my focus with this newsletter. That being said, we are reaching a do or die point for the equities market and next week there should be a strong move out of this trading range.
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| Posted: 13 Mar 2011 07:27 AM PDT A Comeback For Gold-Backed Money? Share this:
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| Guest Post: A Comeback For Gold-Backed Money? Posted: 13 Mar 2011 07:15 AM PDT
Submitted by Andrey Dashkov of Casey Research A Comeback for Gold-Backed Money? Several legislative initiatives caught our attention recently. All of them are related to the monetary role of gold and range from proposals to return to the gold standard, to minting gold and silver as an alternative currency, to having all state transactions carried out in gold and silver coins, to permitting citizens to run their own mints. Do these proposals signal a significant attitude change among politicians and mainstream economic institutions toward gold? No. They are largely regarded as fringe ideas and dismissed out of hand. The third link above is written in a condescending tone that implies everyone knows that the gold standard is bad for an economy and it caused the Great Depression. Still, it’s quite telling that opinions that gold can be incorporated into a modern economy are becoming numerous, and actually making it onto the legislative agenda in various jurisdictions. Last November, clearing house ICE Europe began accepting gold bullion as initial margin for crude oil and natural gas futures. This year, JPMorgan Chase announced that it would accept physical gold as collateral for a number of transactions. According to the Wall Street Journal, stock exchanges in New York, Chicago and Europe recently agreed to accept gold as collateral for certain trades, too. The World Gold Council is gaining traction in its push to have the Basel Committee on Banking Supervision accept the precious metals as a Tier-1 asset for banks, along with government bonds and currencies. Private and public institutions alike are clearly rethinking their attitude toward gold. Perhaps most telling of all, the world’s central banks were net buyers of gold in 2010and in 2009, after being net sellers for the previous 20 years. As World Bank President Robert Zoellick said last November, gold has become the "yellow elephant in the room" that needs to be acknowledged by policymakers of major economies. No one can predict exactly how this will all shake out, but Doug Casey has long said that a return to a gold standard, or some modern equivalent, is almost inevitable. That’s because, for the reasons Aristotle outlined 2,000 years ago (it’s durable, divisible, consistent, convenient, and has intrinsic value), gold is hands-down the world’s best money. Now, Gresham’s Law tells us that bad money drives out good, but that’s only true when legal tender laws hold sway (incentivizing people to hoard what’s perceived to be “good” money and spend the “bad” money as fast as they can). When people give up on the local legal tender, Gresham’s Law goes into reverse, and good money chases out bad. The dollarization of third-world economies is an example of this, the dollar being perceived as being good when compared to many shakier currencies. So, what happens if fiat currencies as a class start to be perceived as bad money? Gresham, and history, tells us that they’ll eventually be abandoned, unless made good (put back on some acceptable standard of value, like gold). The key point here is that it can’t happen just a little bit, just as you can’t get a little bit pregnant. Once it starts, the good money will drive out the bad, and in today’s wired global economy, the phenomenon will be worldwide, fast and devastatingly thorough. The investment implications, broadly, are obvious; you want to own gold for safety and speculate on gold stocks for profit. The details on how best to do this are the current raison d’être of our metals publications.
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| It's Do or Die Week for Equities and Gold Posted: 13 Mar 2011 06:48 AM PDT The past couple weeks have been choppy in the equities market. While the strong intraday moves are great for day traders, it is extremely difficult for swing/position traders who normally hold positions for 3-60 days in length ... Read More...
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| Posted: 13 Mar 2011 06:09 AM PDT I have a little theory that I've been kicking around for a couple of years. The theory is that there will come a time that you will not be able to buy silver at any price. It will not be because there is not any silver around to be purchased or that silver will not have any value. I think that we won't be able to buy silver at any price because there will be a very sudden and a very dramatic shift in the perception of silver's value. A time will come when the value of silver is so strong and the value of the dollar so weak, that only a fool would ever trade silver for the dollar. I have stated in many previous articles that silver is the Achilles Heal of the Global Power structure. This honest money will not only bring down the fraudulent banking system, but it will bring down all of the forces that are a scourge to humanity. You see, without a corrupt monetary system, trillions of dollars will not be available to fight needless wars, fund Wall St schemes and a myriad of other horrible events. Right now, we have two separate forces fighting over a precious, limited and diminishing resource called silver. In one corner, we have the Elite that know that they have Quadrillions in paper assets riding on the perceived value of the dollar. They use that wealth to control politicians, armies, natural resources, medias, corporations, capital markets and ultimately you. They can sustain unlimited paper losses to keep the game going. The problem for them is that their infinite money is running into a very finite world, especially in silver. More Here.. Radiation Map Updated Every 3 Minutes Tsunami damage along California coast is estimated at $50 million 
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| Posted: 13 Mar 2011 05:10 AM PDT Over the past several days gold has been hitting all time highs BUT the momentum indicator was telling us that the move was on greatly diminished strength. Reversal Ahead?
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| Posted: 13 Mar 2011 01:45 AM PST This is for all you folks out there with retirement accounts in the general stock market. I've been warning for many months that the cyclical bull we've been in for almost two years is still just a counter trend rally in an ongoing secular bear market. I made that same warning about the last cyclical bull market from `02 to `07. Many people ignored me in November `07 when I said the second leg down in the secular bear had begun. I suspect many people wish they hadn't. There are now warning signs that this counter trend rally may have topped, and even if it hasn't the potential upside is so small that it's not worth the risk of getting caught in the next bear leg to catch a few more percentage points. As of Thursday and Friday the stock market has now broken below the prior daily cycle low. When a daily cycle low gets violated it invariably signals the start of an intermediate degree correction.  The warning bells are going off not so much because an intermediate degree correction has begun, those happen like clock work about every 20-25 weeks, but because of how quickly this daily cycle has topped. In only three days. That means we are now locked in an extremely left translated daily cycle. It is those extreme left translated cycles that do the most damage. The daily cycle following the flash crash last year was a left translated cycle that topped in only 4 days. We all know what that led to. The bigger picture is the intermediate cycle. Notice the market is now on week 16 of the current intermediate cycle. I noted earlier that an intermediate cycle low is due about every 20 to 25 weeks. On an intermediate term basis the market is now due to move down into that major cycle low. The next larger cyclical structure is the yearly cycle. That is also due to bottom with this daily and intermediate cycle. The combination of all three cycle durations bottoming at the same time will almost always produce a very severe correction. Because of how the dollar cycle is unfolding (available to premium subscribers) I expect the stock market cycles to bottom pretty close to the 1 year anniversary of the flash crash.  And unfortunately Bernanke is not going to be able to just crank up the printing presses and rescue the markets like he did last summer. The problem isn't that there is a shortage of liquidity. The problem is that there is too much liquidity. It is causing commodity prices to surge out of control. Oil is back over $100 despite continued high unemployment and impaired demand. Food prices are going through the roof and have already trigger social revolt throughout the mid east and most emerging markets. Once the next leg down in the dollar crisis gets underway it won't be long before we here in the US will be looking at $4.00 or $5.00 for a gallon of gasoline. As the dollar crisis intensifies Bernanke will be forced to end QE or risk breaking not only the currency but also the bond market. Without an endless supply of fresh money the markets and economy will quickly start to collapse. We saw this last summer when QE1 ended. The same thing will happen this time only Bernanke's hands will be tied by the dollar crisis and surging commodity inflation. He will be powerless to prevent the return of the secular bear forces. Well unless he's prepared to risk hyper inflation that is. Personally I don't think Ben is willing to completely destroy the dollar and crash the bond market just yet. I suspect when he finally realizes that Keynesian economic principles have led us down a path of no return he will resign and someone else will put the finishing touches on his master piece. The only question is whether those finishing touches will be to allow the deflationary depression that is required to cleanse 5 decades of debt from the system or whether we will choose the hyper-inflationary path to service the debt spiral we've gotten ourselves into. In any case it is time to exit all general stock market funds and position oneself in cash to ride out the next leg down in the secular bear market. If one has a gold or precious metal fund available in their IRA we should have about two months left of spectacular gains as the parabolic finale unfolds in the gold and silver markets. But once that has run it's course even those positions will need to be exited as there is no real way to diversify against another severe bear leg down. The simple fact is that in a severe bear market everything gets taken down to some extent. Gold will hold up much better than practically all other assets but even gold will take a 20-30% hit during a D-wave correction. And all parabolic C-wave finales are invariably followed by an severe regression to the mean profit taking event. Unless one has the option of a gold fund, it's now time to get out of general stock funds and move IRA's to a money market fund until the next four year cycle low is reached (probably in late 2012).       
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| Time to Bet on a RISING U.S. Dollar? Posted: 12 Mar 2011 08:59 PM PST Dr. Steve Sjuggerud writes: You hear it over and over... "Because of all the debts and the deficits, the dollar is about to crash."
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| In the Silver Pit No One Can Hear You Screaming Posted: 12 Mar 2011 08:40 PM PST The Bankmistress and her merry band of pranksters threw a major hissy fit this morning, smacking down the precious metals sector and related trades, like the miners, to such an extent that I put out a special notice about what I was seeing in the markets. In fear and trembling I actually stepped in and bought position in size and leverage more than ordinary, since the miners had been discounted so badly, even given the decline in the equity markets which also seemed like a trading gambit. It seems like a no-brainer now, but let me assure you at the time it seemed a bit wanton, falling knife-wise.
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| Posted: 12 Mar 2011 06:00 PM PST GOLD: Gold will break from the 20700-21200 range this week and form a new range. SILVER: Silver needs to trade over 54800 for the whole week to be in bullish zone. It should be another volatile week.
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| The Astonishing Secret of Mexico’s Long-Lost Silver Treasure Maps Posted: 12 Mar 2011 05:30 PM PST Money And Markets
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