Silver fell a net $7.70 from last Monday's high of $49.80, and at best this morning had gained back $3.45 of that or 45% retrace back up of the entire move down.
Gold fell a net $36 from its new high last nght and at its best this morning has gained back $20 of that or 55% retrace back up of the entire move down.
With the LME convieniently closed today, this maximized the the whole take down because of lower volume.
Think about it. Why should G&S fall at all. Will world governments now be printing less money? The extent of last night's move also did not send the USD flying.
No, it was well timed event by Blyth and we are now about to find out todays COMEX role. Will that exchange have a margin party today. Is this why margins were raised by huge margins just recently? All a perfect mini-storm to get some G&S paper shorts out at lower prices.
It may take a few days, but bubble tops can NOT occur when folks are BUYING dips instead of running for the hills....all 1% of them who hold G&S in this country.
Brace yourself for anything and buy anything G&S you can afford. I am....pic
