No word yet on Merkel Laguarde meeting. Metals will stay up until Euro situation is clearer, but that may not last till end of week. Also expecting a change in direction next week to the downside.
Hmmmm... Lagarde/Merkel say what?
"Greek debt swap needed to put a rescue plan in place."
Euro is clear as mud. Mud sticks. Pigs like mud to clean themselves with.
[edit - Some animals are more equal than others.]
No word yet on Merkel Laguarde meeting. Metals will stay up until Euro situation is clearer, but that may not last till end of week. Also expecting a change in direction next week to the downside.
Hmmmm... Lagarde/Merkel say what?
"Greek debt swap needed to put a rescue plan in place."
Euro is clear as mud. Mud sticks. Pigs like mud to clean themselves with.
[edit - Some animals are more equal than others.]
Swapping bad debt. It's so 1980s.
It's Iike bathing in the water discharged after it's done washing someone else's dirties.
In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold 6.4 million and 4.5 million ounces. Is the retail love affair with physical silver coming back with a vengeance?
Link 
So dumb, can't get over it.
So dumb, can't get over it.
Ya. And we all know how deep economies were in the shitter in the early 1980s.
There's all this talk about markets mirroring 2008, but i've also noticed some similarities to the 1980s economic crisis (S&L and emerging economies).
Silver needs to not close under 28.50...because that would completely nullify any notions of a test to mid 32s as earlier identified.
This is really proving to be whipsaw territory, though stability at this level (29.70s) would only affirm that the 32s target will be reached.
This post by Shill on Main Street does nothing to assure a second day of UP.
Sound familiarish...?
Oh boy, more bad news yet again. 2012 silver production outlook cut buy just under 28%! Stock getting assaulted in pre-market, down almost 16% last I checked.
Nerds raiding the dirties! WOOHOO!!! 
"This is gonna be a great year! HUH HUH HUH."
Sound familiarish...?
After the fall of the Berlin Wall and the subsequent collapse of the communist block, Poland began
GoldandOil guy mentioned a rumor of QE 'announcement' set for Friday? Didn't know about the inference. Could well be a buy the rumor and sell the news event. Will probably be looking short for tomorrow-Friday then.
Anyone else confirm this?
As I see it:
- Euro double bottoming @1.2650-70
- Silver mucking around down to 29.50-30 maybe.
- Gold holding well @ 1630-32
Not a buy nor a sell in sight, unless like me you like picking dips. Could be proved completely wrong in T-5, but hey, I'll be asleep ;)
Signing off with a pattern recognition tune...
http://www.youtube.com/user/NativeInstruments?v=Ksb5uMiTvQU&feature=pyv&...
I think the PMs are standing up pretty well to a BIG move in the greenback...
reporting a small double top on the H4. Entry could also be at 29.30s if more discount is needed.
I think the PMs are standing up pretty well to a BIG move in the greenback...
The USDX is up 0.33, that's big with capital letters for you? I have found that the metals stop correlating when the USDX or the Euro muck around at levels for too long. I believe that we will need something much bigger than this one way or the other to actually have any effect these days on the metals.
SIM,
My screen shows as much as .5, so, yeah, that's non-trivial. Two weeks ago, any upward move in the USD caused the PMs to crater--people here were predicting the end of all gold...
This change is significant.
Lots of pumping going on over at local cheerleading canteen, KWN.
Even brought out Rod McEwen. He showed up in a flak jacket and heavy metal helmet. Took quite alot of incoming ordinance last year. Surprised he is able to crawl out of the foxhole.
Rob McEwen actually Gran.
Sorry bout that. Same difference though wouldn't you say...
yep
noticed the same thing and mentioned it on Main St the other day
buck up .53 today and metals are green
metals want to bubble up
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