The financial media would have you believe that everyone and their dog has given up on the precious metals market. But as Peter Schiff humorously remarked the last time we were down at these levels: The PM bull market is dead! Long live the PM bull market!
On this week’s show, we discuss the recent action in the metals & markets, including:
Testing of $22/silver and $1320/gold next week, with the potential for a capitulation spike low as soon as Sunday’s Globex session- silver could see a spike low to $18-$20, & gold a $1200 handle
Examination of fundamentals: Nothing has significantly changed
Physical versus paper demand trends in both the West and Asian markets
George Soros and another documented case of financial media spin [Read more...]