Comment: Queasy

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Queasy

I am getting the same feeling I had before silver crashed a while back. This time about gold.

Surely margin increases will be coming soon. (Four in nine days?) Bernanke is due to talk. There is a Bad Guy on the loose.

The situation is not identical, but it sure rhymes. Before the silver crash I posted here to advise I ahd bought puts on SLV. I have not yet bought puts on GLD. Maybe I shoulda today.

As I type, gold has come off $27 and silver off $1 from today's highs.

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