No doubt you’re wondering why gold and silver are down today.
I know, I know.
It’s gut wrenching. I’m watching it too with ExactPrice. Gold right now is $1,360.30 and silver is $28.44.
And that’s up from the lows earlier today.
But the question is why? What’s the cause?
China and the USA seems to be the cause.
Go read Trader Dan’s great analysis on today’s action in his report: Hourly Action In Gold From Trader Dan
Once again we have a front row seat in the battle between China and the US when it comes to the Federal Reserve’s global inflationary policy, aka, Quantitative Easing 2.
With the Fed persisting on conjuring “wealth” into existence and working to manipulate and deliberately distort the long end of the yield curve, China is fighting to contain the effects of excess liquidity coming its way. It is almost as if Bernanke has uttered the command to: “Release the Kraken”, in this case the terrible Titan being the inflation monster.
Be sure to click over and read the full report. You’ll save yourself some heartache and worry.