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Message: Dundee Report of May 14

No doubt, Silver, today the inmates (sellers) ran the asylem! Not unusual in the global world of finance!

With the exception of a few "naked" shorters (inmates) running for cover, nothing really changed! Advantage going to buyers of gold (Fire sale!) and PM equities! (Fire sale!)

Blaming the demise (future demise) of the Euro on "naked" shorters is as "short" sighted as blaming a raging fire on the matches!

IMHO, the "fire sale" will be "short" lived, in fact, may be already be over, with the reality of weak fiat currencies (Paper, whose only value is that "promised" by a collection of corrupt bedfellows, otherwise known as "sovereign" governments, all of whom are "overextended" and making mockery of themselves with the "printing press!") again taking centre stage, led by gold and its not too distant relatives, PM equities.

"In gold we trust!"

RUF

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