Favorite Quotes

CURRENT FAVORITE QUOTES

"The most fundamental form of human stupidity is forgetting what we were trying to do in the first place"

"Party like its 1929"

Tuesday, January 4, 2011

A punishing turn of events


Precious metals, and most other commodities are getting crushed today. Bad news about the Euro and probably some significant manipulation by large players hold short positions have driven the price downward.

As I hold silver for long-term wealth protection this just offers a buying opportunity. It is brutal if you are in the paper market rather holding physical. One bit of encouragement is the small bounce at the end.

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