• Gold: 1,172.64 0.44
  • Silver: 16.15 -0.02
  • Euro: 1.252 -0.001
  • USDX: 86.914 0.759
  • Oil: 80.66 -0.31

Back Into CHAOS

Ranting Andy
|
Tuesday, February 26th

SilverSeek.com Comment Wire

 

Quite a day; as the Cartel attempted to attack PMs yet again as Bernanke spoke on Capital Hill.  Last year’s “Humphrey-Hawkins” Senate testimony served as Cartel “cover” for its now infamous “LEAP DAY VIOLATON” attack; when it smashed gold by $100/oz, supposedly on “fears” of an end of QE.

 

This time around, the blood was already sucked from the stone; yielding a rapid turnaround from the Cartel’s initial $10/oz hit job, to a $20/oz gain.  All signs point to the END of the recent, vicious Cartel “operative”; and even Jim Sinclair, who has NEVER made a short-term call in my eleven years in the sector, has said it will end “long before” his March 27th birthday.

 

Now that Italy has sent Europe back into CHAOS; with the U.S. “fiscal cliff” sequester just three days away, and the “debt ceiling delay” just three months away; it’s very likely  REALITY will return to the PM markets.

 

 

Andrew C. ("Ranting Andy") Hoffman, CFA

Marketing Director

Miles Franklin Ltd.

 

 

 

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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