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Hold tight to your metals. When this thing flushes, the market crash will be spectacular and the move up in the metals will be equally spectacular. Most people in this country, regardless of how paper dollar rich they are, will be ruined. – Dave Kranzler, Investment Research Dynamics, Golden Returns Capital
s most of you know, gold and silver were in serious rally mode yesterday (Sunday evening) after the CME Globex computer system opened, followed by India and Asia. The metals rallied throughout the Asian physical market session, only to be sold down once Asia closed and the fraudulent London/NYC paper metal markets opened (click to enlarge):
The graph above shows the overnight action in silver. Gold traded in a similar fashion. Conversely, the S&P 500 futures were red overnight. After the early bad economic and geopolitical news cleared the tape, the Fed launched its SPX boosters and the S&P quickly went from down 1 to up over 8 points.
You can read the rest here: Investment Research Dynamics