Five Days Warning
Here's how Ed Steer ended his Gold and Silver Daily column this morning:
Silver is 'acting poorly' for reasons that I stated above...and is actually declining in price as the gold price rises in London. This is, of course, the work of JPMorgan and friends...but without silver confirming gold, at least from a technical analysis perspective, that may be all the justification that's needed for gold's rally to end. We'll find out very quickly I would think.
But this will all be short-term price action. I'm a 'buy and hold' investor...and I've come too far to try and time this market now. As I've said many times over the years, the moment that the powers-that-be stop propping up everything that wants to crash and burn...and stop suppressing the price of everything that wants to blast off to the moon and the stars...the world's economic, financial and monetary system will be a smouldering ruin within five business days.
We've almost arrived at that point now, because if they don't do something drastic, it will be all over by Christmas...or sooner.
I'm still 'all in'.