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RE: Critical Alert: Another $2Billion of Gold contracts dumped - gold and silver plunge
Same old same old game of snakes and ladders. Gradually climbing the ladder up only to land on a snake and fall right back down again.
The drop, apparently due to the Italian bank bailouts. The very fact that banks are in trouble again should have people rushing into gold, the move is design to scare people out of gold. I think anyone sophisticated enough to understand the implications of the Italian bank bail outs will be buying hand over fist, knowing that gold will have it's day to shine in the sun.
That is what is puzzling me. With a $16 billion dollar bail out at the expense of taxpayers, people should be worried and should remember 2008 but I guess, people really do have a very short term memory or may be the TV media has not connected the dots for them to be easily digested.
It's giving us an opportunity to accumulate. That's the way I see it.
Banks failing should be cause for concern, but there's none? How long will this charade last?