28 April 2011

Gold Daily and Silver Weekly Charts


The US economy is faltering from the ground up. The dollar continues to slide.

I am not so constructive on the valuations of bonds and equities here for the short term, but will try not to underestimate the power of the bubble-onians.

The dollar, along with the middle class, is being sacrificed for the benefit of the few, the monied interests and the governing elite. And of course their pliant followers and those most easily led.

Gold and silver offer a refuge because they withstand the test of time.

I took risk and profits off the table in the early morning trade, and then watched the action for the rest of the day, adding some broad index shorts into the close to balance out the remaining longs on the metals.