• Gold: 1,491.50 0.84
  • Silver: 17.72 0.17
  • Euro: 1.115 -0.001
  • USDX: 97.282 -0.332
  • Oil: 53.66 -0.47

Ranting Andy on Silver

Ranting Andy
|
Friday, June 1st

SilverSeek.com Comment Wire 

June 1, 2012 will be remembered as a watershed day.  “Cartel Rule #1” was already broken on Wednesday – i.e., “thou shalt not let PMs rise when the Dow plunges,” and nearly was yesterday as well, until they viciously ATTACKED PMs and GOOSED the “Dow Jones Propaganda Average” at midday.  But today – with European markets already in freefall, the BLS published its third straight catastrophic NFP employment report.  Upon its release, gold EXPLODED $50/oz – actually, $65/oz given its typical overnight, Cartel-induced weakness, while the Dow plunged 220 points, with three hours remaining in the trading day.  Today could be THE DAY when the world realizes PMs are the true “safe havens,” catalyzing the END GAME for the ill-fated GLOBAL fiat currency system.

 

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

Marketing Director

Miles Franklin Ltd.

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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