Quote from article "We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report. It is reported that the unemployment rate increased despite adding 171,000 new jobs. The numbers look abysmal. However, the media reports that the economy is picking up and no more QE will be needed. Hence, precious metals are hammered. We have seen this before where investors are shaken out during corrections while the long term gold and silver players add more on pullbacks. Now gold and silver are in correction mode and beginning to reach key reversal levels. Our readers know that there will be pullbacks to shakeout investors from the long term upward trend and a base may be formed to be able to regain the technical strength to break through all time highs. The U.S. will continue to keep interest rates at record lows to pay down skyrocketing debts. This will devalue the dollar causing a long term inflation which will continue to cause the value of gold and silver to be the ultimate safe haven at this time. We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report. It is reported that the unemployment rate increased despite adding 171,000 new jobs. .......... We are once again going through a time for testing of our essential position in wealth in the earth equities. Investors are experiencing pain at a time that it is easy to throw in the towel and run to the sidelines in the form of cash and treasuries. For many of my readers we know this could be a snare exactly at the wrong time. We have Central Banks all over the world devaluing currencies through quantitative easing, the Fiscal Cliff is around the corner which could mean another credit downgrades and don't forget about nuclear Iran. These are all fundamental forces which could send not only oil and gold higher but silver soaring. For more,click on http://www.kitco.com/ind/Handwerger/20121106.html .
If you're not knee deep in the crap though, not much has honestly changed. The metals are up this morning though, especially gold.
Quote from article "We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report. Articles from 'The Never Never Land gazette' don't count. REDBACK
Ah! But Greece runs out of money next week if the don't pass the new austerity measures. Will they or won't they..Some are calling for another election because they have had enough. If they don't, then you will see the total collapse of Greece. Then up goes PM's. Regards Errol 43
