Gold and Silver continue to drift higher. The shares continued to outperform bullion today.
"When they (western central banks) report having 30,000+ tons, that is not true. They may say they still maintain ownership, but they do not have it and they will never get it back. It’s been sold, it’s gone into the market and it’s gone." John Embry
I am back down to a bare gold bullion position, and short the US stock indices. This will be my short term position until I see the stock market bounce and breakout of overhead resistance.
The equity market did not respond well to Bernanke's toothless jawboning today. The average person has not awakened from their slumber, but their sleep is not untroubled. The deception begins to unravel, slowly but surely.
