16 Apr 2013

Silver up a buck... Max/Stacy on gold

SilverFuturist
Stacy Summary: Between margin calls and panic liquidation, I wouldn't try to catch this falling knife. There isn't enough blood in the streets for my taste and there is no silver support til $21. My guess (which I'm only making so you can shriek with joy that I was wrong!) is that will be hit today (in New York) or tomorrow, but no later than Wednesday.

http://maxkeiser.com/2013/04/15/final...

http://maxkeiser.com/2013/04/15/gold-...

"Stacy Summary: Gold has been slaughtered today; or, perhaps more accurately, many leveraged paper gold holders were slaughtered in the forced selling to meet margin calls. Marc Faber is LOVING it."

Marc Faber: "I love the fact that gold is finally breaking down!"
http://globaleconomicanalysis.blogspo...


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