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FSN: Bloomberg Leaks the Scope of Euro Bond Buying / Basically Europe’s Version of Operation Twist / Gold and Silver Steady
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report
Good evening Ladies and Gentlemen:
Gold closed down today to the tune of $2.20 to finish the comex session at $1690.80. Silver finished down 10 cents to $32.26. The bankers were ready willing and able to launch a raid. However their efforts were thwarted by news of a leak from Bloomberg on the Draghi plan to buy Euro bonds. The actual release was nothing but a yawner as we will discuss below. However the markets seemed to rejoice on this “stimulation” which will never occur due to the limits at the ECB. However the markets recovered and gold and silver advanced.
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2012-09-05 20:00:37
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