gold, silver and their stocks were on a tear last week
interesting too that the metals behaved this way while oil dropped $6 mon/tues and then moved sideways the rest of the week – if this was a typical movement into commodities, oil would have been up with the metals – it’s almost like gold and silver are acting like currencies instead of commodities (that’s a hint people)
there is a rumor floating around that a Lehman-sized bank or hedge fund is about to go tits up – and that insiders are positioning themselves in the precious metals prior to the announcement – why would they do this? – when Lehman failed gold popped up $70 (sept 15, 2008) and then silver popped up $1.70 (sept 17, 2008)
we also have China this past week encouraging their citizens to buy gold and silver – that’s 1.3 billion people being urged to save in the precious metals – why would the Chinese govt encourage their citizens to move OUT of fiat currencies and INTO tangible goods? interesting question, no?
