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FSN: 41 Years After the Death of the Gold Standard: A Look at “How We Ended Up in This Economic Purgatory”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Ed Steer
Ed Steer’s Gold & Silver Daily
Yesterday in Gold and Silver
Well, the 9:00 a.m. BST sell-off in London proved to be the low of the day. The subsequent rally was weak…and then the price tailed off once again going into the New York open.
The secondary low of the day came about ten minutes before the Comex began to trade…and the rally that followed came to an end at 9:40 a.m. Eastern time…and then traded sideways to down a hair going into the 5:15 p.m. electronic close in New York.
The low of the day was a few dollars below $1,590 spot at 9:00 a.m. BST…and the New York high of $1,607.40 was at 9:40 a.m.
Continue Reading at CaseyResearch.com…
2012-08-16 08:26:19
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