Archive - May 2, 2011 - Blog entry

Nice try, guys ...

Stocks and spreads lost ground today following an ebullient pre-open and relatively stable start as early up-in-quality themes played out. Breadth in credit was positive but low beta considerably outperformed high beta and there was notable net selling in the secondary corporate bond market especially in the Financials and Consumer NonCyclical sectors.

It is amazing is it not, that with all of our amazing advances in technology, we stilll live in the age of "impossible to ever get the truth" otherwise known as, it is the truth "trust us."

What’s truly staggering about the weekend losses in Silver is that it had already retracted most of them by Monday AM. Indeed, if you were not up Sunday night looking at the futures, you would have thought Silver was just opening sharply lower (about 5%) completely unaware that the precious metal was down some 16% over the weekend. What does this tell us? That unless we get a MAJOR Crisis in the near-future, the US Dollar will collapse and inflation hedges will explode even higher.

Over two years since their introduction and somehow the debate is still rages-on, fueled by ignorance of the facts...

Want to send the bankers a message and serve up the biggest nightmare possible to bankers? Use the massive dip that they thought would scare all silver holders out of their position as an opportunity to finally extract yourself from the awful possibility that silver and gold paper derivatives such as the SLV, GLD, and gold and silver futures contracts may crash in value in the future. Convert your PAPER silver into PHYSICAL silver now.