Re: We hit bottom.....
in response to
by
posted on
Dec 16, 2010 10:38AM
(Edit this Message from the "Fast Facts" Section)
Couldn't agree more Spiny.
WOW! I guess manipulation has proven this morning that charting can mean nothng in these "not-free-trading" markets. We are getting a leason right now in that as the evil JPMorgan has smashed the gold/silver prices for another reason..that they are losing billions in their interest rate swaps wth the 10 yr. and 30 yr. long bond interest rates rising and bond prices falling.
Also, today, the CFTC has delayed placing position limits on the likes of JP so they can illegally short even more blatantly now that they are even cornered more...they are desperate and will resort to anything...and they are...consequences be dammed. Ben and the Fed. and the Cartel are fully behind them.
I note at this early stage several PM stocks are down but seem to be going positive...we shall see. So far, SFMI is doing better than most...almost at even...which means to me it will not follow the herd.
No matter what happens today...we are going to see quite the upside for the JPMs very soon as gold heads to $1455 plus quickly...and silver????...your guess is as good as mine...but it will be up. All the manic activities of the crooks are now beyond exposed...and the global gobblers of the PMswill be eagerly taking up huge gobs of gld and silver yet again today ...thanks to the US taxpayers and the future commitment of their children.