What goes up, can come down.
When it comes to silver, a series of exchange margin hikes sure helps to make sure it does.
The correction that Franklin Sanders and I have discussed with you is underway as we approach the summer months which are traditionally the low period for precious metals prices. As I said last week, the slow burn has reasserted itself with a vengeance. My bet is that includes a covert QE3 to support the dollar.
This Thursday evening, Franklin and I will be talking about what has happened and the outlook for gold and silver given the power with which this correction has begun.
Franklin will also cover our eighth date in our series on the top ten dates in the American history of precious metals. An updated transcript of the first seven will be posted at your cart.
More at the blog.
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A transcript of Catherine’s April 21, 2011 interview of Blake Levitt on Smart Grids is now available to Solari Report Subscribers. If you subscribe to The Solari Report now, you have access to the full archive of Solari Reports including audio files and resources!