Re: Silver plunges to $35/oz
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Message: Silver plunges to $35/oz
Garick, quit panicking on one flippin' article. Jim Sinclair at jsmineset.com has had it nailed all the way up. He is a MUST read every day. Corrections are always healthy and usually over done. This one was an extemely well coordinated attack by the bullion banks with the aid of the CME. The physical supply/demand equation has not changed. The volatitilty will only be increasing in the years to come. Gold will excede $2000 by the end of 2012.
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Posted: May 06 2011 By: Jim Sinclair Post Edited: May 6, 2011 at 2:50 pm
Filed under: General Editorial
Dear Friends,
Today’s action totally eliminates all and any concern for the price of gold. Today’s action lights up the $1764 Angel in gold.
Technical damage always requires technical repair. That type of price action is a perfect set up for a major launch of the gold price in June.
Relax and enjoy your protection and insurance positions.
Regards,
Jim
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