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Old 12-14-2011, 06:09 PM   #14
Casyimipist

Join Date
Oct 2005
Posts
459
Senior Member
Default
Next leg down- so it seems- as it unwinds further.

PMs are still dropping which means there is a severe problem with liquidity. We could see some amazing acrobatics in the markets over the next few days.

I think it is too early to buy gold or silver. Yes- it will be hard to find physical initially. BUT- watch what happens when the leveraged hands need to dump their assets to cover shrinking positions. If you wait, you can have a boating accident due to overloading.

The next "fix" will be completely devastating to much of the current market as we go into new shades of bizarro world.
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