Thursday, June 20, 2013

Gold Punctures $1300 Silver $20

Where to begin. In a bizzaro day in which Uncle Ben hinted that he might easy off on the accelerator, but not even think of dabbing the brake markets and FX has gone crazy. This day has shown that all world markets, even precious metals markets are addicted to cheap money, and it is not even suggested we break the habit, only just inject a little less liquidity. A crack addict could handle this withdrawal better than these markets.

The latest in the market gyrations has been Gold breaking through $1300 and Silver thru $20, although both have since recovered sightly above these levels. It will be interesting to see what happens at the NY Comex open coming up right now.

Charts from

No comments:

Post a Comment