As mentioned earlier, Tim just had to squash the metals and boost the $ today as he made an appearance …and appearances are everything. Yes indeed, the strong dollar policy is alive…for today. But wait, what is this beyond the mist? Timmy, according to Zero hedge, has been stealthly dipping into retirement funds it seems, as they have seen a "disinvestment" of nearly $80 billion in the past 3 weeks just to make space for further funding of bloated government, defense spending, and healthcare benefits.” DO YOU SMELL QE3 by mid June!!!???
So today we see the desperate, pathetic smash of the PMs…and especially silver stocks like Mag silver got absolutely pummeled by over 6%, down from over $14 at $8.71 this year!
This is just one example of many that I’m sure many of you have.
Ladies and gentlemen, and you know who you are, I smell a silver stock summer festival dead ahead.