Silver up $1.50 to $45.40 and gold up $12 to $1506...G/S Ratio melting.
I mentioned recently that some JPMs ARE getting "loose" and beginning to fly [GPL, OK, and others] and if you are holding at least one of those, then patience on the others comes more easily.
But I need to also mention that many of you like myself loaded up on G&S bullion in 2000-2001 at under $300 and $5. We have made 5-fold to 9-fold increases...400%-800% gains on bullion during time when the USD has fallen a mere 35%...that is progress. Only those come late to the game missed the early ining rallies.
And some of you are holding some ECU from $.05-.10 since Y2K, so you have not done poorly at all. Some things today remain to unwind, and ECU is one of those things.
DOW is up 205 as the FED pumps were turned back on at mid day yesterday.
Look for fast hard retraces in G&S for next 1-3 days after today. It actually needs it....pic
OH, and ECU today? Those half gillion naked shorts wll need more time to un-pile and reveal Mexico's best.....pic
