Tomorrow is another BLSBS Friday and it's going to be a very crazy...and very interesting...day. So please be sure to listen to this podcast as we discuss some specifics on what to expect and how this will impact precious metal prices in the near term.
For today, a thorough discussion of how the Fitch downgrade has led to a massive selloff in the long end of the U.S. treasury market. This is bound to have many deleterious impacts, many of which are not even being imagined at this point by the usual cheerleaders, politicians and permabulls.
From there, another explanation...
