SILVER and
GOLD PRICES could drop more. My rational mind and the charts tell me that. But my intuition keeps on asking where all that buying was coming from today. A 70 cent silver rise and $31 silver rise in the aftermarket is right stout, no matter how you cut it.
Gently, gently I am starting to buy. Just can't help it, I'm too nervous about silver and gold. Nervous, too, about the unfolding crisis. Of this much I am sure: you are now watching a rare opportunity to buy silver and gold at fire-sale rates.
Friday after markets closed Comex announced it was raising margins on silver and gold contracts. No doubt somebody got that news before the press release and sold in anticipation. But the stories metastisizing on the internet that this proves a conspiracy are just silly. Commodity markets are run for the benefit of the market makers, and it's not in their interest for investors to go bankrupt. They raise margins on EVERY hot market.