Given the enormity of the JPM announced potential derivative “iceberg,” today’s takedown in gold/silver is more of the same intent to squelch any potential signal that the metals might give off that things may not be groovy?
Gold should be soaring, but we’ve seen this utterly counter-intuitive drill before especially back on Monday March 17, 2008 after Bear Stearns declared bankruptcy and the metals were annihilated the next three days, and more recently, the Euro QE announcement on Feb 29,2012 which began the latest string of near-daily takedowns.
Quite frankly, events like this are exactly why we own gold!
Silverbull50
