Thursday, June 23, 2011

Silver Plunges 4% As U.S. Dollar Rallies On Greek Debt And Euro Fears

Silver was taken out to the woodshed this morning and slaughtered.  As the dollar rallied higher in an orchestrated plan to bring buyers into treasuries and to give the Federal Reserve the cover it needs to bring on the next round of QE, this is to be expected.

It really is amazing how good these guys are at manipulating the markets of the world.  But then again, when you have a printing press at your disposal and you own the governments and the media, is is really that amazing?

Nahhh, not really.  But, if you are one of those people who are still holding significant sums of fiat currency and are light on your precious metals allocation, this is an opportunity for you to get some physical on the cheap and protect your assets from the wealth destruction coming our way.

Silver is building a new base in the low to mid 30s and from here will be taking out $50 and then $75 next.

Got Silver?