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Paper Selling In The West Could Spur A Gold Rush In The East
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
seekingalpha.com / By Tim Iacono / April 15 2013
Believe it or not, there could be a silver lining in the ongoing bloodbath in precious metals markets where, today, losses now exceed the shocking declines of late last week when the gold price tumbled more than $80 an ounce and silver plunged nearly $2 an ounce.
Important long-term technical levels were breached on Friday after futures markets were hit with massive sell orders totaling 400 tonnes of gold in what Ross Norman of Sharps Pixley said “had the hallmarks of a concerted short sale” in this report earlier today.
If this was an engineered short sale designed to take prices lower by triggering stop loss orders, it has been hugely successful as the gold price is now about $200 lower than it was when markets opened on Friday.
Thanks to BrotherJohnF
2013-04-16 13:45:08
Source: http://silveristhenew.com/2013/04/16/paper-selling-in-the-west-could-spur-a-gold-rush-in-the-east/
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