With Monday being Options Expiry for precious metals, the take-downs over the past few days should not be too surprising to most.

As J.B. Slear mentioned earlier today, "The biggest factor in Silver is the open interest which in now at 149,000. So as the hammering was going on, someone with very deep pockets has been buying. This is going to scare the crap out of the shorts…stay tooned!!"

The chart posted below from Dave in Denver today offers another glimmer of hope.

Cheers - VHF

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The Government's War On Truth

Dave In Denver

January 25, 2013

...Before I finish for the weekend, I thought I'd leave you all with some Friday chart porn:
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In other words, don't sweat this latest attempt by the Government/Fed to knock down the price of gold and silver, the trend is your friend and this is nothing but another in the long line of tremendous buying opportunities. Unlike the extreme hubris exhibited by Obama/Bernanke, we all should be a little grateful that these attacks on honest money occur because it enables us all to exchange our increasingly devalued fiat dollars for true money. Have a great weekend.