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Message: Try as they might.....

Try as they might.....

posted on Oct 13, 2009 05:26PM

Try as "they" might they could not keep the $USD above 0.760 today (and believe me "they" tried). This is not said from the viewpoint of someone in the know; I just carefully observe and think.

"They" did, because it cost "them" almost nothing to do so, hold down some of their most hated junior mining stocks this day; but this too will pass given a little time.

If a few on the long side of the futures markets (or more than a few) choose to stand for physical delivery simultaneously at the end of this month..... one of the metals markets will likely default. Just my opinion, mind you!

I wouldn't be surprised if the average oz. of real physical silver hasn't been sold at least 100 times when one considers silver certificates, pool accounts, ETF's without real backing, etc., and etc.

If that's true of silver, something similar is perhaps (but to a lesser degree) true of gold.

Reality is approaching. How it plays out is up for grabs at this point.

P.

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